Earnings & Economic Data: Nick Giacoumakis Appears on TD Ameritrade Network’s ‘Morning Trade Live’

by NEIRG NEWS | May 2, 2019

This week, our President and Founder Nick Giacoumakis was featured on TD Ameritrade Network’s “Morning Trade Live.”

During the appearance, Nick was asked to weigh in on recent economic data, sectors of opportunity in the equity market and expectations ahead of this week’s FOMC meeting.

Nick shared his insights on the current state of the economy, and his forecast that the Federal Reserve would hold rates steady, was in line with their announcement at yesterday’s meeting. He emphasized, however, that investors should be mindful of how economic concern can impact markets, pointing to Q4’s sell-off as a cautionary sign. Adding that any type of action from the Fed is data-dependent, Nick anticipates the next few quarters should determine whether or not the Fed should cut.

As earnings season kicks into full-gear, Nick also discussed the growth opportunities in the healthcare space, and how strong financials and cheap valuations make healthcare stocks an ideal value play in the current market environment.

For Nick’s thoughts on how the market might react to a rate cut and additional factors he will be keyed into this earnings season, watch the full interview here.