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
Mike Arold, who runs the Technical Swing model, is now backing out of his short positions in preparation of a market bounce. Here is how he plans to play it.
Inflation remains elevated and economic growth expectations are subdued
Interest rates may be heading higher for longer than anticipated
It’s not akin to the type of timing strategies used by short-term traders.
