Corrie Driebusch

speaker

416 appearances 8 recordings 1 series first heard Oct 2018 last heard Oct 2024

Corrie Driebusch’s voice in public audio — every appearance, attributed to the second.

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Appearances

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WSJ Your Money Briefing · Stocks Tumble Into Correction Territory · 14 Dec 2018 podcast

Thank you so much, Charlie.

WSJ Your Money Briefing · Stocks Have Worst Start to December Since 2008 · 7 Dec 2018 podcast

Yes, it was not a good week for the market, to say the least. voice-verified

We saw some brief optimism earlier this week on Monday. voice-verified

There were some thoughts that maybe there's a better trade deal in sight or maybe something was in sight. voice-verified

But that optimism gave way pretty quickly. voice-verified

Yes, that's definitely part of it. voice-verified

Trade is definitely not the only thing going on right now. voice-verified

But it is one of the big things and we saw that on Friday with companies that do business and sell products overseas including tech companies like Nvidia and Intel as well as industrials like Deere and Caterpillar. voice-verified

They all declined more than the broader market. voice-verified

It is about their earnings, but that kind of plays into a broader fear about earnings growth in 2019. voice-verified

This year, we saw huge earnings growth. voice-verified

However, a lot of that earnings growth can be attributed to tax cuts and corporate tax cuts, and that's already being played out. voice-verified

Right. voice-verified

Oh, yeah. voice-verified

And we're not going to see that in terms of earnings growth in 2019. voice-verified

So the big question among a lot of analysts and investors I speak with is, so if we don't have tax cuts to give us earnings growth, what is going to give us earnings growth in 2019? voice-verified

Is it going to be consumers who are spending more? voice-verified

I don't know. voice-verified

And that gets people a little bit worried that we're definitely maybe have hit the peak of earnings growth. voice-verified

And we're still going to see some growth, but it's just going to get less and less and not be as supportive of the market. voice-verified

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