Excerpt from Bloomberg quoting DataTrek’s Nick Colas:
…. “DataTrek Research framed it nicely in a note to clients Monday, pointing out how fourth-quarter profit forecasts have declined steadily to 13.6 percent from 16.1 percent at the end of October and 17.1 percent at the end of September. That might shock investors accustomed to 25 percent or better growth in the first three quarters of the year. “The bottom line here is that we may get more of a Hanukkah rally than the traditional equity melt up associated with St. Nick,” DataTrek co-founder Nicholas Colas wrote in the note”….
Read the whole article here on Bloomberg Opinion!