Equity Prices Rise To Record Levels Even As The Economy Slows
1. S&P 500 and Nasdaq hit record highs despite economic slowdown. 2. Consumer spending fell 0.1% in May, signaling potential economic strain. 3. Rise in multiple job holders indicates consumer financial stress. 4. Existing home sales and new home sales are declining. 5. P/E ratios are above historical averages; investor caution advised.