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
Apple, McDonald’s and others are gobbling up their shares
“US preeminence relative to other economies is the single most important factor underlying our core allocation to US assets.”
The market selloff should be less harsh than ones in the past two years and may set up a summer rally, says Schwab strategist Liz Ann Sonders.
The Shanghai Composite Index is now trading at levels not seen since mid-2001.
