FT: “Trade talk hopes keep Wall Street on upward track”By admin_45 in IN THE NEWS
Excerpt from the Financial Times quoting DataTrek's Nick Colas:
.... "Now that Fed chair Powell has smoothed over the market’s worries regarding rate policy, the next important catalyst is US corporate earnings season, that kicks off next week,” said Nicholas Colas at DataTrek Research.
“Bottom line: companies must convince investors that 2019 will show further earnings growth even as profit margins actually decline.”
Read the full article here in the Financial Times!