Kleintop: ‘Crisis-Level’ Downward Earnings Revisions in U.S.
Schwab Network · Schwab Network
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Show Notes
Jeffrey Kleintop reacts to the Canadian elections and notes that growth is forecast to be unaffected by the trade war. He notes that the last shipments from China ordered ahead of the tariffs should be arriving around now, so we should see financial impacts beginning in the middle of May. “We’re looking at a pretty big dry up in supply of goods,” he notes, looking at data on scheduled vessels. He also highlights “crisis-level” downward earnings revisions across the U.S. market.
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