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 US consumer seems more than willing to pay more for their favorite brands, especially if they sell, um, comfort foods. Consider some of the winners that we have seen over recent sessions.
Election-year politics and Iran deal are a boost for defense stocks.
Hedge fund manager Jim Chanos and bond kind Bill Gross comment on the S&
The Consumer Price Index climbed 4 percent in the year through May, well below the recent peak of 9.1% last June and down from April’s 4.9% increase.
