US stocks are nearing record highs, with the S&P 500 just 1% shy of the 7,000-point mark, driven by growing optimism reflected in the fear and greed index. The index is poised for its eighth consecutive monthly gain, marking the longest streak since 2017-2018. Investors are closely watching for Federal Reserve policy updates next week, which could influence market direction. Year-to-date, the S&P 500 has risen nearly 18%, while the Nasdaq has climbed 22%. Market analyst Paul Nolte noted that the upward trend is expected to continue barring any external shocks.