4min chapter

Let's Appreciate cover image

Who is Driving the Economic Car?

Let's Appreciate

CHAPTER

The Importance of Profits in the Stock Market

The economy is the stock market to a certain degree. The big tech firms are reflecting macro lows from lower ad spend, cutbacks in consumer spending and general uncertainty. GDP came in higher than expected last week at 2.6% driven by consumer spending and exports. But there are worries on how long consumers can hold on. It seems like they're going to slow down in December according to Nick Frommer of the Wall Street Journal.

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