Both the S&P 500 and Nasdaq Composite hit record closing highs on Friday, surpassing previous highs reached in February and December, respectively. There are a few things that could push this rally further, but there are also risks that investors should be aware of.

Jeremy Siegel thinks the S&P 500 reaching more all-time-highs is a "foregone conclusion." Stocks have resumed their rally after the Israel-Iran ceasfire.