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Analyst: U.S. growth has peaked

Darius Dale, Senior Global Macro Analyst with investment research firm Hedgeye Risk Management, says America's cruising economy is about to hit a speed bump.

Posted: May 24, 2018 8:54 AM
Updated: May 24, 2018 8:54 AM

Investors should watch out for three big risks as they enter into the second half of the year.

On CNNMoney's "Markets Now" Wednesday, analyst Darius Dale warned about the strengthening dollar, wage growth and a peaking global economy.

"There's a lot of negative signals out there that seem to suggest that we're not going to be able to surpass this historically high level of operating margins," Dale, a senior macro analyst with investment research firm Hedgeye Risk Management, told CNNMoney anchor Maggie Lake.

Dale predicts that the pace of economic growth and inflation will slow this year, but he doesn't think a recession is coming soon.

Related: Apple inches closer to $1 trillion market value

Dale said that investors should avoid consumer staples, the industrial sector, and even some technology companies.

Investors who bet on tech companies that rely on economic strength, like semiconductors, for example, could be making "a huge mistake."

Dale also cast doubt on the Trump administration's ability to hit its 3% growth target because companies have been spending savings from their new lower tax rate on stock buybacks, rather than investing in new facilities or research.

Related: Watch 'Markets Now' here every Wednesday at 12:45 p.m. ET

CNNMoney's "Markets Now" streams live from the New York Stock Exchange every Wednesday at 12:45 p.m. ET. Hosted by Lake and CNNMoney editor-at-large Richard Quest, the 15-minute long program features incisive commentary from experts. Recent guests include former Chrysler and Home Depo CEO Bob Nardelli and Bitcoin bull Mike Novogratz.

You can watch "Markets Now" at CNNMoney.com/MarketsNow from your desk or on your phone or tablet. If you can't catch the show live, check out highlights online and through the Markets Now newsletter, delivered to your inbox every afternoon.

Indiana Coronavirus Cases

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CountyConfirmedDeaths
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Ohio130
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Unassigned0154

Ohio Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 33006

Reported Deaths: 2002
CountyConfirmedDeaths
Franklin5414239
Cuyahoga4060221
Marion262323
Hamilton2492128
Lucas2152229
Pickaway204635
Mahoning1347171
Summit1277159
Butler81725
Stark69790
Columbiana65750
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Trumbull54045
Belmont40212
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Medina30719
Delaware30213
Ashtabula28332
Lake28212
Wood27745
Geauga25829
Wayne25250
Fairfield2463
Clark2256
Licking21410
Mercer2003
Clermont1935
Allen19131
Richland1873
Erie1595
Darke15616
Madison1417
Washington11718
Crawford1063
Morrow1041
Greene945
Ottawa927
Putnam8714
Monroe7311
Sandusky7010
Hocking694
Ross662
Auglaize643
Jefferson632
Huron551
Williams521
Hancock481
Union460
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Clinton430
Hardin410
Shelby402
Logan370
Fayette370
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Carroll282
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Brown251
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Seneca192
Highland191
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Perry181
Henry150
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Jackson120
Harrison100
Adams81
Gallia71
Van Wert60
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Pike60
Noble50
Morgan50
Unassigned00
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