Policy Uncertainty “Trumps” A Weakening Economy
1. S&P 500 reached a record high, driven by tech stocks. 2. Interest rate volatility is impacting market sentiment amid economic uncertainty. 3. GDP growth slowed to 0.5%, down from 2.7% in Q3. 4. Labor market shows signs of softening with increased layoffs. 5. Falling rents may signal tame inflation moving forward.