Steve Sosnick, Interactive Brokers’ chief strategist, discusses why there have been some recent rallies and sell-offs in the market.
Will market lows be tested over the next few sessions?
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Interactive Brokers Traders Insight
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The Fed’s new mantra is to look at the totality of upcoming economic data releases to determine if their job is done, but even if there are no new rate hikes, rates need to remain in this restrictive territory for the foreseeable future.
The recent drop in inflation was a significant event, with the core CPI rising just 0.16 percent, the lowest reading in more than two years.
The expansion marks the first month of growth in nine, with business confidence being a key driver, propelling the positive change as retailers briskly increased inventories in anticipation of improved future performance.
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