His 13.4% yearly corporate profit increase, admittedly over just three years, is bested only by Obama’s 26% over eight, CFRA’s Stovall finds.
Unexciting economic growth and the Chinese virus are among the ills that could ruin predictions of an electrifying rebound.
Evidence mounts that, after 10 years of extremely low rates, the impact of more cuts is limited.
Fed Chairman Powell’s words belie the official mandate, State Street’s Arone finds.
US GDP has been growing for 121 months in July, but the growth rate is a mere 2.3%.
Firm’s economists think the pace will slow to 1.1% in the current quarter.
But latest estimates indicate slight improvement from previous calls.
Former Federal Reserve chief warns that huge obligations will crowd out needed capital spending.