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
Ten biggest tech companies have $545 billion stashed overseas
Facebook relies on game developer Zynga for fully 12 percent of its revenues – bad news for its IPO given the dropoff in online gaming at the social media site.
After last week’s slew of second-tier data, it seemed as if the Treasury market had made up its mind-the economy is finally turning over and headed toward a recession sooner rather than later.
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