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 broader economy is shrugging off cold snap
The traditional value-oriented sector has seen a shakeup, with 14 S&P 500 stocks reclassified at the sector level, as FinTech’s disruption on the Financials sector could result in a higher growth exposure than originally intended.
Despite the dollar’s recent weakness, the structural advantages of deep and liquid US financial markets, its dominant role in trade invoicing and as a monetary anchor, are sustaining its primary reserve currency status.
Bulls and bears offer divergent outlooks for US stocks.
