WSJ: “Stocks Climb as China Pledges to Support Businesses”By admin_45 in IN THE NEWS
The Wall Street Journal quoting DataTrek's Nick Colas:
.... "But in the U.S., the argument for investing in stocks is still straightforward, said Nicholas Colas, co-founder of research firm DataTrek Research. While corporate-earnings growth is down, profit margins and cash flows are still high. That, he said, should lead to better earnings in the second half of the year. On top of that, interest rates are low and should remain low, he noted, which on its own makes equities attractive"....
Read the full article here in the WSJ!