Steve Sosnick, Interactive Brokers’ chief strategist, discusses how the prospect of a new stimulus bill and progress in the vaccination rollout have contributed to a market rally early in the week.
The House of Representatives passed a $1.9 trillion package and a new vaccine by Johnson & Johnson (JNJ) won government clearance, adding another approved drug in the fight against the virus that causes Covid-19.
Sosnick outlines the dynamics driving the market now and the outlook ahead.
This video first appeared on the Traders’ Insight blog on March 1.
Photo Credit: Yuri Samoilov via Flickr Creative Commons
