Part 5/7:
With the markets fluctuating, potential issues lurk on the horizon. Wrongheaded expectations in various sectors, notably concerning Nvidia’s performance, could influence the overall tech landscape. Yet despite the concerns over earnings, projections indicate that the U.S. economy may continue on an upward trajectory as consumer buying behavior adjusts to prevailing conditions, including mortgage rates stabilizing around 6.7%.
Recent reports show a mixed outlook in U.S. manufacturing; with durable goods orders slipping slightly but core orders suggesting a rebound in business investment. Concurrently, new home sales climbed 5.9%, showcasing consumer resilience amidst high-interest rates.