TD Ameritrade Network interviewed SVP and Portfolio Manager Paul Nolte on the markets reaction to the GDP, crude oil and OPEC.
Steve Grzanich on The Opening Bell interviews SVP Paul Nolte on the current markets, the economy and the fed.
Hear the full interview here
Senior Vice President Paul Nolte is interviewed by Reuters on the global market and economic growth.
“GDP growth was not fabulously good and not fabulously bad. It builds a case for the Fed to cut rates by 25 basis points and then sit on the sidelines for the remainder of this year,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.”
Read the full article here.
Senior Vice President and Portfolio Manager Paul Nolte speaks with Reuters on the current markets.
“That’s been the M.O. for earnings for a while,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “The financial engineering such as buybacks and cost-cutting continues to go on, and that’s why you’re seeing these beats, while the top-line growth is constrained by a slowdown in global growth in general.”
Corporate results are increasingly pointing to an economic slowdown in the midst of a protracted trade war between the United States and China, which should encourage the U.S. Federal Reserve to cut interest rates next Wednesday for the first time in a decade.
“Investors are waiting for our ECB counterpart next week when (Fed) chairman Powell makes his statement and see how that sets us up for the rest of the year,” Nolte added.”
Read the full article here