Brace for a 'tough year for stocks,' top economist Mark Zandi warns (via TradingNation)
Trading NationAccording to Moody's Analytics chief economist Mark Zandi's 2020 outlook, the backdrop is showing signs of cracks."All of the pillars of the stock market look a bit shaky to me," he told "" Thursday. "While the economy will be okay in 2020, I think the stock market will have a rougher go of it."
While he cites consumer spending, household balance sheets, jobs growth and a housing market as economic bright spots, he also sees slower than expected real GDP growth, a growing federal budget deficit and challenged corporate earnings pressuring the economy. "Businesses are going to struggle with declining margin, and so corporate earnings growth will be flat. Lackluster," he said.
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