Steve Sosnick, Interactive Brokers’ chief strategist, discusses the latest vaccine news from Astra-Zeneca and Oxford University.
With each new vaccine development, the stock market dynamics are changing, according to Sosnick. Here’s why:
Photo Credit: Yuri Samoilov via Flickr Creative Commons
Did you know that the S&P 500 is up 16% so far this year and has more than doubled off the 2009 lows? Investors in a recent poll thought stocks were still down.
Stocks notched a solid gain last week as rate-cut expectations paced the rally as the Q1 earnings season wound down.
Stocks retreated on Monday after a strong rally the previous day, driven by a credit downgrade of a few banks and weak retail earnings. Despite this, stocks resumed their upward trend on Wednesday following the release of positive economic data.
Supply gluts in the commodities world spell trouble ahead.
