Sosnick: US tech earnings to drive market sentiment скачать в хорошем качестве

Sosnick: US tech earnings to drive market sentiment

Precious metals markets have recently experienced considerable momentum, Steve Sosnick of Interactive Brokers states. Sosnick notes that silver, in particular, has become a hotspot for "hot money" investors, with the iShares Silver Trust ranking among the most active stocks on the Interactive Brokers platform. Price movements in silver have been highly volatile, with double-digit intraday swings now common. Sosnick observes that this frenzy is starting to spill over into gold, copper, and aluminium, raising questions around inflationary pressures if these moves persist. On the macroeconomic front, Sosnick remarks on the subdued expectations for any interest rate action at the upcoming Federal Reserve meeting, with probability seen as negligible. He expects media attention to veer towards political distractions, rather than pure monetary policy, and is watching for any signals about the future path of rates, particularly from dissenters on the committee. Turning to equities, Sosnick highlights the importance of this week’s earnings reports from several technology giants, including Meta, Microsoft, and Tesla, which all report after the Federal Reserve press conference. He expresses concerns over investor complacency, given that a quarter of S&P 500 companies are reporting while the volatility index remains muted, suggesting markets could be underestimating potential risks.