#1
#1 out of 136.07%
business3h ago
The market's tech boom points to a glaring division in the economy, a veteran strategist says
Businessinsider.com and 1 more
- Jim Paulsen warns the US economy shows a widening gap between booming tech and weaker non-tech sectors.
- Paulsen says policy support is needed now to boost growth in struggling areas.
- The trend is labeled 'BustBooming,' with a mismatch between market gains and broader GDP growth.
- The article notes the S&P 500 up 28% and non‑tech gains at 20% over the past year.
- Paulsen points to the share of real GDP growth from the 'new era' as about 28% since 2022.
- Paulsen estimates the 'old era' GDP growth at an uncomfortably sluggish pace.
- The piece references Fed policy and inflation as factors shaping risk.
- Paulsen warns the bifurcation could worsen without policy action.
- The analysis ties Iran-related oil price fears to inflation concerns.
- The report cites a rising odds of Fed rate hikes to 17% by year-end.
Vote 1