MarketWatch: "Did Fed’s Powell ‘light the fuse’ for a year-end stock-market rally?"

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MarketWatch: "Did Fed’s Powell ‘light the fuse’ for a year-end stock-market rally?"

Excerpt from MarketWatch quoting DataTrek’s Nick Colas:

…. “Better earnings this year have been fully offset by higher interest rates plus the simultaneous uncertainty of U.S./China trade wars and Federal Reserve policy,” wrote Datatrek co-founder Nicholas Colas in a Tuesday note. “The first threatens corporate earnings next year. The second puts pressure on still-high equity valuations”….

Read the full article here on MarketWatch!