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 stock market slipped in the wake of the latest rate hike decision by the Federal Open Market Committee (FOMC), despite solid earnings from one mega-cap tech firm and a strong employment report.
Former Fed governor Robert Heller makes the case againt QE3, which could be a market disappiontment just as stocks are flashing a risk-off warning signal.
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