How the tech rally and PCE print could impact markets

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Federal Reserve News

Steve Sosnick,Interactive Brokers,Deutsche Bank

Interactive Brokers Chief Strategist Steve Sosnick joins Market Domination to discuss the state of the markets (^DJI,^GSPC, ^IXIC) as Wall Street awaits the ...

A recent Deutsche Bank chart shows call option volume in megacap growth and tech rising compared to the rest of the S&P 500. Sosnick expresses concern, as it highlights"everybody piling in because it can't go down... That's usually when these things have a weird ending, parabolic moves. And we've seen one in Nvidia end in very unpredictable and often nasty ways.

Um That's usually when these things have a, have a weird ending, parabolic moves and we've seen one in NVIDIA end in very unpredictable and often nasty ways.

Uh, uh, by the same token, you know, we've talked to a lot of folks lately who say it doesn't really matter that much this year if it's one, if it's two, if it's, if it's none in terms of the Market Act, ultimately, where the markets in the year has, it mattered that we went from expecting 67 rate cuts to 1 to 2.

 

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