Earnings season has 'a lot of good news' priced in: Strategist
Earnings season is poking its head around the corner for 2024 as markets (^DJI, ^IXIC, ^GSPC) spring into the second quarter. Interactive Brokers Chief Strategist Steve Sosnick sits down with Market Domination to outline what could drive stocks as companies report their latest round of earnings results. "My concern going forward is that... are we able to beat the raised bar that we've set for ourselves?" Sosnick tells Yahoo Finance. "Some companies have been able to do it. You look at a Nvidia, which is remarkably good at beating and raising, and then beating again. Most companies can't do that." Sosnick also weighs in on oil prices (CL=F, BZ=F) and their influence on energy markets and the Federal Reserve's perspective on inflation. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. Editor's note: This article was written by Luke Carberry Mogan.