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Traders work on the floor of the New York Stock Exchange June 26, 2014.
Traders work on the floor of the New York Stock Exchange June 26, 2014.
(BRENDAN MCDERMID/REUTERS)

BlackRock, Morningstar on what markets will do for the rest of this year

The consensus among stock market strategists, based on their mid-year forecasts, is coming into view: Stocks aren’t cheap, but the bull market will continue into the second half of 2014 because of an improving global economy and rising U.S. earnings.

We discussed a few mid-year strategies here on Wednesday, and a couple more have since been published, confirming the cautiously optimistic stance that is prevailing.