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
If speculators are disappointed with the performance of the Facebook IPO it is because they had ridiculous expectations of what rational investors would pay.
Housing industry may bet a lift before interest rates head north.
A big Apple stock buyback or dividend may be viewed as admission by top brass that it cannot manage such a large and valuable company effectively.
The Fed is inching toward neutral territory but keeping its options open—because when you’re driving in the fog, you don’t hit the gas. A December cut “not a foregone conclusion,” was a statement that sent markets scrambling to recalibrate expectations.
