The major stock indexes, despite their wild swings this year, remain in a robust hidden bull market that will reach new records, according to analysts on the Street and as reported by CNBC. (For more, see also: 4 Overlooked Blue Chip Winners.)

Index Five-Year Return
Dow  62%
Nasdaq Composite 120%
S&P 500 66%

Over the last three months, the Dow Jones Industrial Average (DJIA) has experienced a triple-digit gain or decline 35 times, while the S&P 500 has increased or decreased in value by more than 1% eight times since early April. 

Jeffrey Saut, the chief investment strategist at Raymond James, predicted the sell-off in January, and is among those who believes that investors have plenty of time to grow their positions in the nearly decade running bull market. “There are stocks in our portfolios that are up 100% this year. So it’s been a stealth bull market, and I think we’re going to go up and make new all-time highs,” stated Saut. He likes financial plays, which he noted have been underperforming despite their strong fundamentals. 

'There are stocks in our portfolios that are up 100 percent this year' - Jeffrey Saut

Saut's comments come as Joe Acampora, one of Wall Street's most respected technical analysts, says that the Dow is poised to break through to record highs. “I think it’s a pretty good opportunity we break through them,” stated Acampora, director of technical research at Altaira Capital Partners in an interview with CNBC. "If we do then I think the S&P challenges its high, which is not that far away, and the Dow’s all-time high is around 26,600, and I think it’s very, very doable." 

U.S. equities have served as a safe haven amid broader global uncertainty, as outlined in a recent Wall Street Journal story. The WSJ highlighted the fact that while many international markets have taken a hit on trade fears and geopolitical instability, the S&P 500 is up over 5% for the year. Meanwhile, the Shanghai Composite has fallen 14% year-to-date (YTD), South Korea's Kospi Composite index has fallen 6.3%, Germany's DAX has declined 2.9% and Japan's Nikkei index has sank 0.7%. 

While other market watchers say the bull market will last another two years, some bears, including Guggenheim Partners Executive Chairman Alan Schwartz, see "tremendous storm clouds on the horizon," as cited by CNBC. Last week, Guggenheim's chief investment officer warned that investors will be met with "cold water in the face" by September or October of this year. (For more, see also: How to Profit Before the Bear Market Arrives: Citigroup.)