Excerpt from Bloomberg quoting DataTrek co-founder Nick Colas:
…. “The question for investors is how much of the slowdown is already reflected in stock prices. For Nicholas Colas, co-founder of DataTrek Research, this week will be something of a “make-or-break” period for investors’ confidence in US corporate earnings power…
…“For the recent rally to continue, markets need to feel that monetary policy and corporate earnings power are incrementally more predictable than six weeks ago,” Colas wrote in a note to clients. “Our bias is to lighten up here, but even long-term investors should understand that this week is critical to market psychology”….
Full article here on Bloomberg.