Why a slowdown in cash-flow growth is bad news for stocks
January 22, 2018 at 16:31 PM EST
Anticipating a cut in U.S. corporate tax rates, Wall Street analysts late last year ratcheted up their earnings estimates for 2018, forecasting an 18% increase in profits, but declining cash-flow growth remains problematic for markets, according to Société Générale’s Andrew Lapthorne.