Excerpt from CNBC quoting DataTrek’s Nick Colas:
…. “”If one wants to be bearish on 2019, geopolitical issues are the only historically accurate argument,” Nicholas Colas from DataTrek tells me.
Unfortunately, there are no shortage of those for 2019. Traders are grappling with: 1) Central banks removing the stimulus of low rates, 2) a tariff war that has not been resolved, and 3) the prospect of China slowing down, with or without tariffs.
And while “political risk” is not a risk we have seen so far as a factor in consecutive down years, it could possibly mix with those other concerns to produce a toxic stew for earnings”….
Read the full article here on CNBC!