DataTrek’s Nick Colas’ CNBC InterviewBy admin_45 in IN THE NEWS
Excerpt from DataTrek co-founder Nick Colas' interview on CNBC:
.... "DataTrek Research co-founder Nick Colas noted that these catch-up buyers most likely aren’t paying much mind to earnings expectations or comparisons, which have been negative for the last three quarters and just turned negative for the fourth quarter.
“Clearly, the market’s not focused on that,” Colas said in the same “ETF Edge” interview. “They’re thinking about that narrative ... which is if we get a trade deal [and] better economic growth and it’s global, then [the] S&P, which is 38% international [companies], is going to have maybe 5, 6, 7% earnings growth next year.”
That thesis will be helped by a slightly weaker U.S. dollar, Colas said"....
Watch Nick's full interview here on CNBC!