Portfolio manager warns of potential U.S. stock market correction if GDP growth slows and inflation rises.

Brian Arcese, a portfolio manager, warns that the U.S. stock market could face a "healthy" correction if GDP growth slows and inflation rises. The market has been overvalued for some time, with high expectations for 11% growth in 2025. A slowdown in economic growth or unmet earnings expectations could trigger this correction. Arcese noted that U.S. GDP growth was lower than expected in the third quarter, and inflation rose to 2.6% in October.

November 22, 2024
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