A few stock market strategists continue to warn that stocks are overpriced as the economy slows and the frenzy over artificial intelligence has left markets vulnerable to a sudden plunge.
Tag: U.S. Economy
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ECONOMIC UPDATE – MARKET OVERVIEW
“Economic Cracks Are Getting Exposed in the 2024 Market Bounty,” was a headline story in Bloomberg last Friday.
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SPOTLIGHT: BIGS GETTING BIGGER
Saudi Arabia’s Public Investment Fund has partnered with private equity firm Ardian to buy 37.6 percent of London’s Heathrow airport, one of the world’s busiest transit hubs.
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SPOTLIGHT ON THE U.S. HOUSING MARKET: SALES FALL, PRICES RISE
The median selling price of U.S. homes in May was $419,300, the National Association of Realtors (NAR) reported, the highest on record and 5.8 percent above the price a year earlier.
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FACTORY OUTPUT INCREASED IN MAY
Although retail sales slipped 0.1 percent last month, industrial production increased 0.9 percent, more than twice economists’ 0.4-percent forecast and reversing a decline in March and flat output in April.
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RETAIL SALES FALL FLAT IN MAY
U.S. retail sales increased by a scant 0.1 percent in May as retailers had to offer more discounts to entice cash-strapped consumers to buy, the commerce department reported.
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MILITARY AID IS BALLOONING U.S. BUDGET DEFICIT
U.S. military aid to Israel and Ukraine is helping to push this fiscal year’s budget deficit from the $1.4 trillion estimated in February to $1.9 trillion, the nonpartisan Congressional Budget Office (CBO) has projected.
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THE AMERICAN MIDDLE CLASS IS VANISHING, PEW STUDY FINDS
The U.S. middle class, considered the economic home of most Americans and the engine of the nation’s economy, has been shrinking for 50 years, according to a new study by the Pew Research Center.
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ECONOMIC UPDATE—MARKET OVERVIEW
Dot.com Bust 2.0 coming? Not according to The Street. It’s a Nvidia world of AI... which is no surprise to Trends Journal subscribers. “AI WE OWN YOU” was a Top Trend for 2023.
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SPOTLIGHT: BIGS GETTING BIGGER
Kirin Holdings, which owns a variety of alcoholic beverage brands in Japan, is paying the equivalent of $1.4 billion to take over FANCL Corp., a maker of cosmetics and dietary supplements.