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
We are now six years into a housing bust that bears an uncomfortable resemblance to the truly epic Japanese property blowout.
A decline in inflation would be advantageous for fixed-income securities, and a soft landing with lower interest rates will benefit equities, particularly those more reliant on the capital markets.
Attacks and incidents have not stopped
Rising rates and a stronger economy bode well for bank stocks.
