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
Stocks ended mixed after a nail-biting week for investors, who grew anxious over megacap tech valuations and interest rates as the government shutdown came to an end. It takes time to get a tanker ship up and running again after a full stop.
Investors need to keep an eye on wage growth in the months ahead
Buying momentum stocks sure worked in the tech boom years. And it still does, says Mark Hulbert — as long as you buy when volatility is low.
Strategists are more bearish on stocks than at any point in the past 27 years, according to the latest Merrill Lynch quant research, providing a ‘buy’ signal.
