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!