Daniel Morris, chief market strategist at BNP Paribas Asset Management, discusses the valuation of U.S. stocks and the impact of China’s stimulus measures.
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Erica Tay of Maybank Investment Banking Group lays out the reasons why China’s economic growth could slow to 4.5% next year, citing potential setbacks including trade restrictions and expectations for a deceleration in consumption.
Election anxiety is causing many consumers to avoid big-ticket purchases like houses, weddings and cars. “Every four years this happens,” one former car dealer said.
We have had three weeks of positive year-over-year growth in both purchase application data and weekly pending contract data, with last week showing a noticeable jump from last year. Now the dose of reality: last year at this time mortgage rates were heading toward 8%, and even though 2023 showed record low sales levels, it…