Reported about 1 month ago
Megan Horneman, CIO of Verdence Capital Advisors, discusses the implications of the US GDP growth rate of 3% in Q2, suggesting that the current market gains, particularly those attributed to AI, are 'not sustainable.' She emphasizes the need for investors to rebalance their portfolios and expresses concern over consumer-driven growth in the face of high debts and interest rates, predicting a slowdown towards the end of the year.
Source: YAHOO