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
Many Americans will be receiving a bigger tax refund from Uncle Sam this year.
The outlook for interest rates in the US is very uncertain
The idea that stocks go up more often than not should not be surprising, but the fact that August tends to be a down month in the S&P 500 is a well-known phenomenon.
Corporate earnings, total employment, retail sales, housing activity and bank lending are all significantly higher than they were a year ago.
