The market has rallied from steep lows over the past two months, powered by the Fed’s monetary firepower and economic stimulus by the US government.
So is this stock rally for real?
Steve Sosnick, Interactive Brokers’ chief strategist, discusses the market’s oversold conditions and the fact that a lot of stimulus money has found its way into the stock market and focused on a narrow group of stocks.
With these circumstances, he maps some potential risks as we head into June and July.
Photo Credit: thenails via Flickr Creative Commons
