Is Big Tech’s dominance over?
Surging tech stocks drove returns during the pandemic, but rising interest rates may pressure their earnings.
Real GDP growth has been negative for two consecutive quarters, the usual rule-of-thumb for determining recessionary periods. But several other higher frequency economic indicators, including July’s blowout jobs report, suggest that the U.S. is not currently in a downturn. Elsewhere, inflation continues to run extremely hot, but healing supply chains provide hope that the supply side of the economy could soon aid in slowing price growth.
Job surge points to no recession: View the full report to learn more:
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