The S&P 500 has notched 35 record closing highs this year

The S&P 500 continued its advance as easing pricing pressures, and slowing growth, have investors increasingly optimistic the Federal Reserve will soon start to ease up on monetary policy. But others, who are concerned a correction is on the horizon, are urging investors to broaden their exposure.

“You really want to stay broadly diversified,” Courtney Garcia, senior wealth advisor at Payne Capital Management, told CNBC’s “Closing Bell” on Monday. “I don’t think that the momentum trade here is ending, especially in the short term, but when it changes, it’s going to change fast. And when you’re looking at valuations, there’s a lot of opportunities here.”

Federal Reserve Chair Jerome Powell will testify this week before Congress as part of his semiannual update on monetary policy. Powell will speak first to the Senate Banking Committee on Tuesday, followed by an appearance Wednesday before the House Financial Services Committee.

Key inflation data is due out later this week with the June consumer price index on Thursday, as well as the producer price index on Friday.