Steve Sosnick, Interactive Brokers’ Chief Strategist, discusses the recent outcomes of earnings releases.
There have been some outliers that have seen some harsh results such as GrubHub (GRUB) and Beyond Meat (BYND).
Have investors become more skeptical which companies are really tech stocks?
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The jobs report, to begin with, was a direct challenge to the ‘inevitable recession’ narrative, with the completely unexpected surge of more than a half-million new jobs being created in January, combined with the lowest unemployment rate since 1969.
Energy is the sector that I am watching closely this week as a sort of telltale for the stock market.
