New GDP and consumption data are showing some cracks in the economy. Should investors be worried? Carson Group’s Chief Market Strategist Ryan Detrick and VP, Global Macro Strategist Sonu Varghese share their thoughts.
Highlights include:
- GDP growth was 1.3%
- Income growth has been slowing slightly
- Goods consumption is slowing but services consumption is trending up
- The economy appears to be normalizing after strong growth last year
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