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
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Despite signs of a cooling labor market, with employment data showing a lower-than-expected growth in new private sector jobs and an uptick in the unemployment rate, the market remains optimistic about the future.
