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
As we see the economy start to strengthen during the fall and winter quarters, retail stocks could be an area that may benefit.
With policy rates already near the Fed’s estimated “neutral” level around 3.5%, investors should prepare for an environment where additional easing may be limited, reinforcing the case for strategies emphasizing income and duration management in fixed income portfolios.
You need to keep ‘Grumpy Old Accountants’ on your investor reading list.
Gold as a strategic asset class can provide a unique combination of benefits to investors, including risk management, capital appreciation, and wealth preservation.
