Excerpt from Bloomberg quoting DataTrek’s Nick Colas:
…. ” So, do analysts really still believe earnings growth of 10% is achievable? We’ll soon know the answer to that question, because – as the folks at DataTrek research point out – now is the time when companies, investors and analysts start focusing on the year ahead. The unpredictability of the U.S.-China trade war has made it next to impossible for companies to effectively predict where earnings may be the next quarter, let alone in 2020. But as of now, it’s hard to say where earnings growth might come from”….
Read the full article here on Bloomberg Opinion!