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 US bull market may still have some legs in 2017
Like a pilot advising his passengers to keep their seat belts buckled in case of potential air pockets, over the past two days, it seemed advisable to buckle up for a potential pop in volatility. Consider VIX to be the price of parachutes when a plane hits turbulence.
Stocks bounced at the start of the week ahead of the release of the twin inflation reports.
Think the bullish run in utility stocks is ending? Don’t decide until you read this from Bill DeShurko, manager of the Dividend and Income Plus model.
