Wall Street closed the week on a high note, with major indexes showing strong momentum that has investors celebrating and skeptics reeling.

The Dow Jones Industrial Average soared to a new all-time record, while the S&P 500 notched its third consecutive week of gains, underscoring continued optimism about the U.S. economy.

Analysts attribute the rally to a combination of easing inflation concerns, resilient corporate earnings, and growing expectations that the Federal Reserve may pivot toward interest rate cuts in the months ahead.

“Markets are showing remarkable confidence,” one strategist noted. “Investors are clearly betting on stability and growth going into the fall.”

Meanwhile, bearish traders — often dubbed the “panic crowd” — are facing mounting losses as stocks continue to defy predictions of a pullback. Online, some market watchers mocked the pessimists, joking that “panic-sellers are down bad” as the rally shows little sign of slowing.

With tech stocks, industrials, and financials all contributing to the gains, momentum traders are eyeing whether the bullish streak can extend deeper into the quarter. For now, the markets are closing out the week on a wave of confidence — and history-making highs.