Defying Logic in the Face of Optimistic GDP Data ...Middle East

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Once again, the markets are acting against common sense. One would think that, with the highly optimistic GDP data recently released, investors would be alarmed by the threat of another interest rate hike, but this is not the case.The lack of concern is not because people are confident that the Fed has managed to tame inflation (it is still too early to say) but because there are doubts about the figures released: How? Why? At whose expense?It is puzzling how the U.S. economy has grown 4.9% from 2.4%, while small-cap companies continue to struggle. Also, why haven't consumer stocks benefited much from the sharp rise in consumer spending? Where has the money gone?All of that raises suspicions

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Last updated : 02 Nov 2023 clock 01:24 PM

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Defying Logic in the Face of Optimistic GDP Data ...Middle East

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