(CNBC) — "The top of the market is at the point of most optimism," said Bruce Bittles, chief investment strategist at Baird, adding stocks could see a short-term pullback. "But I think people will be hesitant to sell because corporate taxes might be lower next year. That's why I think that any weakness here will be short-lived."
Rob Lutts, chief investment officer at Cabot Wealth Management, echoed Bittles' remarks, saying he thinks the post-election rally has room to continue. "It's very likely that the changes that are going on in Washington will be better than expected," he said. "The last time I can remember such a pro-business government was Reagan's in 1980."
The S&P 500 rose 25.77 percent in 1980, according to FactSet data.
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