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
Why this market continues to rely on external help
Mario Draghi’s comments are lifting risk-on markets globally, helping to stem the risk of a death cross for the S&P 500.
The 1995/1996 rate cut episode, which consisted of only three decreases worth 75 bps in total, serves as an interesting parallel to the current situation, where the market has finally ‘come to the Fed’ with respect to rate cut expectations for 2024.
The pandemic remains a wild card heading into 2022
