The Stock Market Is Driving the Economy. A Selloff Would Be Bad for Both. - Barron's
1. The Fed maintained interest rates reflecting U.S. economic strength. 2. U.S. GDP grew at 2.3%, bolstered by consumer spending surge. 3. Berkshire's cash reserves have risen sharply, indicating investment caution. 4. A stock market correction could dampen consumer spending growth. 5. Stock valuations are close to record highs, impacting investment strategies.