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
With its stock of 25% from recent highs, Apple skeptics multiply.
Consumer confidence is slipping among lower income groups
The recent blockbuster jobs report has also created a narrative that perhaps the Fed can achieve the ever- elusive ‘soft landing.’ However, as I write this blog post, the consensus is still projecting negative GDP to show up in the second and third quarters of this year.
Pricing pressures are not limited to the real estate sector, as companies like Heineken, Tesla, and Winnebago are also struggling to pass on higher input costs to customers, with some even engaging in a price war.
