MarketWatch: Stocks may still be underestimating the risk of a blowup in trade tensionsBy admin_45 in IN THE NEWS
Excerpt from the lastest MarketWatch article quoting DataTrek co-founder Nick Colas: .... "Nicholas Colas, co-founder at DataTrek Research, on Tuesday wrote that “growing fears of an economic recession” would be the dominant market narrative for the second half of 2018. That issue is heavily influenced by what happens with trade. “Even though corporate earnings are +20% in 2018 because of lower tax rates, managers may start to reduce hiring and capex plans if they begin to fear the impact of a trade war on their business,” he wrote. “Spook them enough, and they will start to reduce headcount. That could turn into a self-reinforcing cycle that ends up in recession”.... Read the whole article here on MarketWatch!