Considering the sharp rally to start the year, no one would be surprised if investors took some chips off the table and watched the market meander over the short term. That tends to happen after big gains.

But a number of analysts don’t believe we’ve seen the peak of this recent surge.

“The near-term downside risk in the U.S. stock market currently exceeds upside potential,” says John Kosar, director of research at Asbury Research. But he expects any decline will be “temporary and corrective rather than directional and sustainable.”

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