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
Precious metal gets reprieve on Fed nominee’s dovish comments.
Two important signals are saying that stocks are not overbought at these levels and the longer-term market trend is still to the upside.
There will be three large Treasury settlements on Tuesday, Thursday, and Friday. One can only make an educated guess as to where the funding will come from. Will the reserves take a hit?
The Fed will start to reduce its $4 trillion-plus bond portfolio
