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S&P 500 Unfazed by Stronger-Than-Expected Q2 GDP Growth
S&P 500 Unfazed by Stronger-Than-Expected Q2 GDP Growth
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BTCCSquare news:
The S&P 500 edged lower despite a upward revision to U.S. Q2 GDP growth to 3.3%, surpassing both initial estimates and economist forecasts. Consumer spending rebound and import fluctuations drove the improvement, though equity markets appear to have priced in the data during their 30% rally since April.
Tariff-related inventory adjustments continue distorting economic indicators, with businesses now working through stockpiles accumulated ahead of trade policy changes. The muted market reaction suggests investors view current valuations as appropriately reflecting the macroeconomic landscape.
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