Last quote by Nick Raich
Nick Raich quotes
As companies begin to report 3Q 2016 earnings, our research indicates the rate at which 4Q 2016 EPS estimates come down is likely to accelerate to the downside given the current high expectations.
It really calls into question whether the Bank of Japan has run out of bullets and trigger the yen to go higher (against the dollar).
It's going to be a good read on the consumer really for the months of February and December and January. The interesting take from Nike is not just what it's doing domestically but what it's doing internationally.
It's all a game of expectations. If you price in a recession and a recession doesn't come, that's positive for stocks.
There could be some bounces here but the markets are resetting to lower growth in and 217 and how much lower growth that is, is still to be determined. We're not measuring anything in this data that suggests growth is going to fall off the cliff.