Bloomberg: “There’s a Bull Market in Rose-Colored Glasses”By admin_45 in IN THE NEWS
Excerpt from the latest Bloomberg article quoting DataTrek co-founder Nick Colas: ... "Stock bulls better hope that the jump in yields stays as contained. That’s because a drop in the yield from about 3.13 percent in May had as much to do with the S&P 500’s almost 3 percent gain last quarter as did the outlook for earnings, according to DataTrek Research. “All the angst” over a potential global trade war “is keeping Treasury rates lower than otherwise,” DataTrek co-founder Nicholas Colas wrote in a research note Monday. “That acts as a buffer for valuations and dulls the impact of uncertainty over corporate earnings.”... Read the whole article here on Bloomberg!