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
Stocks rallied to start the week on earnings optimism before losing momentum over rising bond yields, as the 10-year Treasury yield moved above 4.9% for the first time since 2007.
Moral hazard has made the Spanish bank bailout even worse, argues Michael Arold, manager of the Technical Swing investment model.
Secure and convenient mobile payment systems are expanding.
Credit spreads are narrowing and small caps look promising
