CNBC: “New chart suggests stocks won’t stage a year-end rally”By admin_45 in IN THE NEWS
Watch DataTrek's Nick Colas discuss earnings and an ominous sign for stocks going into year end here on CNBC's Trading Nation! .... "DataTrek Research is out with a chart suggesting stocks will struggle this month — pouring cold water on the likelihood of a "Santa Claus" rally that traditionally boosts stocks in December. According to the firm's co-founder Nicholas Colas, it comes down to a breakdown in earnings trends and investor sentiment. He said the earnings picture is dramatically souring due to risks stemming from China tariff costs to accelerating wage growth. "They filter through to fundamentals," he said Friday on CNBC's "Trading Nation." "The minute the global economy started to roll over, earnings revisions began to roll over, and that's the period were in now".... Read the rest of the article and watch Nick here on CNBC!