By Brian Sozzi
Seeking a scapegoat for October’s stock market convulsions? Try the dark cloud looming on the horizon known as peak earnings growth.
With
profit growth poised to slow sharply in 2019 for a number of reasons –
chief among them less of a jolt from the Trump tax cuts – the market
swoon happening today likely reflects the bottom line reality ahead.
“The market is pricing in the [earnings growth] slowdown now,” Blackstone vice chairman Byron Wien tells Yahoo Finance.
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Source: Yahoo! Finance
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