Today's ruling affects the ‘composition' of GDP, markets: Economic advisor

Economic Growth - GDP growth for Q4 was unexpectedly weak at 1.4% annual rate, down from 4.4% in Q3 and 3.8% in Q2, indicating a significant slowdown [1] - Private domestic final sales, a core component of GDP, were at 2.4%, which was lower than anticipated [1][2] Investment and Consumption - Despite the weak GDP, there are signs of strong economic activity with rising production and manufacturing, suggesting a potential for a 4% economy [3][4] - Business capital expenditure (capex) and durable goods orders are increasing, which is promising for future productivity [4][5] Employment Concerns - There are worries about the disconnect between economic growth and employment, with the unemployment rate currently at 4.3% [5][6] Market and Regulatory Environment - The stock market remains strong, and corporate profits are robust, indicating positive economic conditions for the future [6] - Recent Supreme Court rulings have introduced uncertainty regarding tariffs and refunds, which may impact individual companies differently [7][9][12] Trade Policy - The current administration's trade policies, including tariffs, are expected to remain in place, with a focus on reciprocity in trade agreements [10][14] - American businesses are noted for their agility and adaptability in response to changing trade landscapes [13]