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 biggest names in Corporate America will weigh in on virus impact
Falling prices still haunt the global economy despite record easing.
The recent earnings reports from major cybersecurity companies have shown promising growth, with many beating consensus expectations. This trend is expected to continue, driven by the increasing demand for cybersecurity solutions and the growing need for organizations to protect themselves against cyber threats.
It’s a “risk-on” market right now with the S&P 500 near four-year highs and several market indices reflecting broad risk aversion.
