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 can take a hit even after strong earnings beats. An active manager who knows the stock and its psychology well can help position you around such events.
Middle East peace hopes sparked strong but short-lived stock gains. Even as the path to a longer-term truce was widened by reduced geopolitical tensions, equity market excitement faltered because tech weakness spoiled the risk-on rally.
Heres’s why Cable Car added to its position in Retrophin
The US Treasury market experienced some unusual trading activity, with the UST 2-Year yield surging by 70 bps in February and then tacking on another post-Powell increase of 25 bps, reaching a peak of 5.07%, the first time eclipsing the ‘5%’ threshold since 2007.
