The biggest hidden danger in the US stock market: Economic data begins to weaken
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Record high U.S. stocks vs. a weakening U.S. economy. It has been quite an unpleasant week for the U.S. macroeconomy—weak income and spending data, weak housing data, and "lackluster" inflation data. For the first time since 2019, all sub-indices of the Bloomberg U.S. Economic Surprise Index are in negative territory. Meanwhile, the S&P and Nasdaq both reached new highs overnight
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