U.S. economy grew at 1.6 percent annual rate in first quarter 2024, a sharp slowdown

[jgmiller]

11. The best way to put it is the market has a split personality

One the one hand a roaring economy is good because in theory profits are up but too hot and costs go up so profits get hurt. So on the other hand they don't want it to go up too fast so they do want a slow down but if the slow down is too sharp then they worry that sales are slowing which means profits are slowing but also that expenses remain high.

It's obviously much, much more complex than this which I described at a very macro level. Different sectors react differently to GDP and of course so do different stocks.

Maybe a better way to put it is the market is never happy for very long