Steve Sosnick, Interactive Brokers’ chief strategist, discusses the market dynamics amid a closely watched earnings season.
Investors found some solace in the solid earnings performance of the flagship tech giants such as Amazon (AMZN), Facebook (FB) and Google parent Alphabet (GOOGL).
Photo Credit: Markus Trienke via Flickr Creative Commons
The bottom line is that “higher for longer” remains a dominant theme for the U.S. bond market.
The stock market digested November’s robust gains for much of last week but rallied strongly amid falling bond yields on the last trading day.
New record highs for U.S. stocks have dominated the headlines, but Europe is quietly threatening to overtake the S&P 500 for 2013.
Undervalued Opportunities manager Eric Steiman owns the stock.
