Wall Street Breakfast Households face $3 trillion in lost stock wealth this quarter
Mar 24, 2025
Households could see $3 trillion evaporate in stock wealth, raising alarms about economic stability. The podcast delves into concerns over projected declines in wealth alongside robust 2024 equity performance. Recent PMI figures suggest GDP growth may remain below 2%. Boeing receives a positive upgrade, while the Ford F-150 is under regulatory scrutiny. Plus, insights on how tariffs and inflation are affecting U.S. companies amidst a lively stock market create a compelling economic narrative.
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Stock Wealth Decline
- U.S. investors could see a $3 trillion decline in stock-based wealth in Q1 2025, per Bank of America.
- This wipes out about a third of the $9 trillion gain in household equity wealth from 2024.
Slowing GDP Growth
- Q1 2025 GDP growth is projected to be below 2%, based on PMI figures.
- While services activity rebounded, manufacturing PMI fell short of expectations.
Market Performance
- The S&P 500 had a strong opening due to hopes of targeted tariffs.
- The equal-weight S&P is flat year-to-date, and cyclical sectors are up 3%.