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 battle to slay inflation will require multiple interest rate hikes
The broader economy is shrugging off cold snap
The recent rally in the stock market can be attributed to a better-than-anticipated consumer inflation number, which sent bond yields sharply lower and ignited a powerful rally.
Jeremy Schwartz talks to Ally Invest CFO Tom Desmond about online investing
