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
Iran sanctions and a supply glut slam crude oil prices
The jobs report’s strong wage growth and robust hiring data have led to a hawkish tone from investors, with bond yields climbing and equities advancing.
Yesterday it was the Harris Trade but today it’s the Trump trade as stocks attempt to bounce back from last week’s selloff by using any lever they can pull. But from a probability perspective, election odds haven’t changed much, with Trump still expected to handily become 47
Make sure you understand how an ETF works before you buy it.
