Steve Sosnick, Interactive Brokers’ chief strategist, discusses the S&P 500 and if he sees the current momentum continuing in the stock market.
Sosnick sees solid momentum behind the current market rally. Corporate earnings are solid and the US Federal Reserve has backed off further rate hikes.
Photo Credit: Lukas Schlagenhauf via Flickr Creative Commons
The Fed Governors now need to determine how much further they need to go with higher interest rates, which have been used to slow the economy and tame inflation.
Berkshire has handily outperformed the broad market over the last twenty years, gaining 1,173% versus the S&P 500’s gain of 253%
As a monetary dove, Janet Yellen should encourage higher inflation – and higher metals prices.
Spreads of Spanish debt relative to Germany have widened out to record highs.
