Steve Sosnick, Interactive Brokers’ chief strategist, explains how the stock market and the bond market are telling two different stories.
Money seems to be flowing into both markets but for opposite reasons.
Photo Editor: herval via Flickr Creative Commons
Market pessimism is at its lowest point since August 2010, based on the latest from AAII. That could help the S&P 500 possibly make a run at year highs.
Surprisingly strong results from this morning’s ADP jobs report illustrate that travel, entertainment and restaurant businesses are struggling to meet the robust demand that is supporting persistent inflation.
It might be time to just get rid of the stinkers in your investment portfolio.
What to make of Berkshire Hathaway’s tight correlation with the S&P 500.
