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Why is the stock market down despite strong economic indicators?

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Finance News

Stock Market,GDP,Wages

Despite strong GDP numbers, wages, and low household debt, the stock market has experienced a 10% decline since July 31. This episode explores three factors contributing to the market downturn.

GDP numbers are strong. Wages are strong. Household debt is relatively low. So why is the stock market so blue? Since July 31, it is down 10 percent – formally a “correction” – and that includes the strong performance of the seven Big Tech stocks.

What gives? Today on the show, we look at three factors putting the brakes on a boom. We also go long our own listeners, a few of whom Katie bumped into at a wedding in Ireland. For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer Follow Ethan Wu and Katie Martin on X, formerly Twitter. You can email Ethan at ethan.wu@ft.com. Read a transcript of this episode on FT.

 

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