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 point is that the index can fall sharply if the stocks that drove it higher begin to fall sharply. And there is no way of knowing how far those stocks could decline because nobody really knows what they are worth.
Since election, global stocks have swelled by $6 trillion
The recent market volatility may be far from over
Manager Robert Gay of GEARS is asked what makes his investment models tick and how individuals can match him trade-for-trade at Covestor.
