2 Question Tuesday – 10/31/2023 – Why Are Stocks Falling If GDP Is 4.9% & Will China’s Economic Problems Affect The U.S.?
Welcome to 2 Question Tuesday. This week’s client submitted questions were:
- Why are stocks falling if GDP is 4.9%?
- Will China’s economic problems affect the U.S.?
Phil, Mike, and Larry discuss last week’s report showing third-quarter gross domestic product (GDP) rose 4.9% on an annualized basis. They examine why stocks are falling on such a positive report and does this economic strength mean the Federal Reserve will raise rates at its November meeting? They then talk about the default of one of China’s largest real estate developers, Country Garden Holdings, that country’s overall economic problems, and how will this affect the U.S. economy.
Submit your questions to question@2questiontuesday.com
As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.