Goldman Sachs analyst David Kostin spoke with CNBC. In summary, he expects profits to rise, margins to remain under pressure, inflation to fall (eventually), and interest rates to fall:
- “Our forecast is for the market to grow slowly, in line with earnings expectations”
- “Margins will be roughly flat, and ultimately that’s to some extent economic growth will drive sales, and that’s a big part of why profits will be higher this year.”
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The BTD has remained in effect so far this week:
This article was written by Eamonn Sheridan at www.forexlive.com.
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