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Market bull warns 2019 could turn ugly as inflation grows
One of the market's biggest bulls sees stocks getting their groove back this year, but his forecast comes with an expiration date. According to Blackstone's Joseph Zidle, there's evidence that rising inflation will tear into corporate profits and stretch consumers within the next 12 months. The earnings growth will have to slow because the year-over-year comps get so tough," he told CNBC's " Futures Now " on Thursday.
https://finance.yahoo.com/m/3ebb2e0...b/market-bull-warns-2019-could.html?.tsrc=rss
One of the market's biggest bulls sees stocks getting their groove back this year, but his forecast comes with an expiration date. According to Blackstone's Joseph Zidle, there's evidence that rising inflation will tear into corporate profits and stretch consumers within the next 12 months. The earnings growth will have to slow because the year-over-year comps get so tough," he told CNBC's " Futures Now " on Thursday.
https://finance.yahoo.com/m/3ebb2e0...b/market-bull-warns-2019-could.html?.tsrc=rss
