Goldman Sachs analyst David Kostin spoke with CNBC. In summary he expects earnings to rise, margins to stay pressured, inflation to (eventually) fall, interest rates to fall:“Our forecast is that market rises slowly in line with expectations for earnings”“Margins will be roughly flat, and then ultimately it’s a little bit about economic growth will drive sales, and that’s largely the reason for earnings to be higher for this year”---BTD has remained in force so far this week: This article was written by Eamonn Sheridan at www.forexlive.com.
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