JUST IN: 🇺🇸 US Q3 GDP rises to 4.3%, higher than expectations. ...

U.S. Economy Accelerated In Third Quarter As GDP Rises 4.3%https://t.co/Kp7BYQ4hN0 https://t.co/ArTQi6ePbM ...

Economic Growth - U S real GDP grew at an annualized quarterly rate of 4 3% in Q3 [1] - This is above market expectations of 3 3% and the previous reading of 3 8% [1] Inflation - The initial annualized quarterly rate of core PCE inflation came in at 2 9% [1] - This is in line with expectations and higher than the prior 2 6% [1] Consumer Spending - The initial estimate of real personal consumption expenditures rose 3 5% quarter-on-quarter [1] - This significantly exceeds the expected 2 7% and the previous 2 5% [1]

Joining us now, Sylvia Jablonsky, chief investment officer of defines uh ETFs. Do do we want a good GDP number or what is a good GDP number. Do you think that wouldn't be too hot, not too cold.[snorts] >> Good morning, Joe. I Well, I think if if we come in line with expectations, if we get above that, you know, 3.3%, I think the market expects lower than the last 3.8% read, but I think if we get, you know, somewhere in that range, that would be a positive result for the markets. I think, you know, overall. ...

Market Outlook - The upcoming Santa Claus rally is anticipated, with historical data indicating a 77% probability of market gains during this period, which starts tomorrow [2][3][4] - The market is currently experiencing low volatility, as indicated by the VIX being at its year low, which is generally seen as a bullish sign [5][6][7] Economic Indicators - GDP growth for the second half of the year is projected to exceed 3%, which is a positive indicator for cyclical sectors such as financials, materials, and industrials [9][10][12] - The first half of the year saw a GDP increase of 2.2%, with significant contributions from AI and capital expenditures [10] Sector Performance - Cyclical sectors have underperformed over the last two years, but there is optimism that economic data will support a rally in these areas [8][9] - The market is favoring cyclical stocks over defensive ones as the global economy is expected to accelerate into 2026 [13] Commodity Trends - Commodities like gold, silver, and copper are showing strength, with gold and silver reaching new all-time highs, which historically benefits emerging markets [14][15] - Metals and mining sectors are expected to perform well, with silver and copper recently breaking out above previous trading levels [16]

STRATEGIST AT THE CARSON GROUP RYAN GOOD MORNING. GOOD TO SEE YOU. >> GOOD MORNING FRANK I FORGOT TO GET THE MEMO TO WEAR SOME GREEN TODAY.BUT LOOKING GOOD FRANK. THANKS. >> WELL, THANK YOU VERY MUCH.I'M TRYING TO BE IN THE HOLIDAY SPIRIT. SPEAKING OF THE HOLIDAY SPIRIT, I FOLLOW YOU ON SOCIAL MEDIA. RYAN, YOU WERE POSTING ABOUT THE FACT THAT WE DIDN'T GET A SANTA CLAUS RALLY THE LAST TWO YEARS, BUT WE'VE NEVER MISSED THREE IN A ROW.YOU'RE ALMOST SOUNDS LIKE YOU'RE ALMOST GUARANTEEING A SANTA RALLY THIS YEA ...

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints - In 2025, the performance of various indicators shows different trends. For example, the PPI in November 2025 is 2.2%, with a 0.1% change in October and November. The GDP in 2025 is expected to increase, and the PCE is 3.1%. In 2026, GDP growth and PPI trends also have corresponding forecasts, with GDP expected to grow by 0.5 - 2.3%, and PPI expected to be between -1% - 0 [36][40] - The performance of different investment - related data such as 300, 50, 500, and 1000 also shows different percentage changes in different periods from 2005 - 2025 [7][11][16] 3. Summary by Directory Section 1: 2025 - **1.1**: The data of 300 in 2005 was 300, with a 60% change. In 2007, it was still 300. From 2008 - 2020, it had a 25% - 40% change, and in 2020, it had a 10% - 20% change. In 2025, there is also a certain change range [7] - **1.2**: The data of 300 is involved, and in 2025, the combined data of 300, 50, 500, and 1000 shows different percentage distributions [27] - **1.3**: It involves data from 1 - 3, related to Deepseek AI, and there is a 0.03% - 2.38% change, with 17% in a certain situation [34] - **1.4**: It involves data from 4 - 6, with a value of 5 in a certain situation [34] - **1.5**: It involves data from 7 - 8, with values of 7, 8, 9, and a 0.03% - 2.38% change, 17% in a certain situation [34] - **1.6**: It involves data from 9 - 12, related to AI, and the end - of - year data is for 2025 [34] - **1.7**: The data of 1000 is involved, with a 25% change in a certain situation [21] - **1.8**: The data of 1000 is involved, with a 25% change in a certain situation [21] - **1.10**: The data of 1000 is involved [32] Section 2: 2026 - **2.1**: In 2025, the interest rate increased by 75BP to 3.50% - 3.75% in December, and the GDP in 2026 is expected to grow by 0.5 - 2.3%. The PCE in 2025 is 3.1%, and in 2026, it is expected to be 2.6% - 2.5%, reaching 2% in 2028. The FED may adjust the interest rate, with possible adjustments of 25bp, 50bp, or 75 - 100bp [36] - **2.2**: PPI in 2026 is involved. In 2023, PPI was - 2.5%, and in November 2025, it was 2.2%, with a 0.1% change in October and November [40] - **2.3**: It is related to the PPI situation from 2012 - 2015 and 2016, and the PPI in 2026 is expected to be between - 1% - 0 [43][46] - **2.6**: In 2025, the PE - TTM of 300 and 50 is involved [50] - **2.7**: No specific content provided - **2.8**: No specific content provided - **2.9**: No specific content provided Section 3 - **3.1**: It involves IC, IM, IF, and IH [59] - **3.2**: It involves IM and IF, with a 5% change in a 1 - 3 situation [59] - **3.3**: It involves MO, and the end - of - year data is for 2025 [59]

Market Outlook - Wells Fargo Investment Institute expects modest growth with moderate to moderating inflation, a good setup for risk assets in 2026 [3] - The Institute has a year-end 2026 target of 7500 for the S&P 500, considering it a doable number given the expected economic environment [7] - The Institute anticipates the rest of the world, including the US, will perform better next year relative to this year [13] Investment Strategy - The Institute took advantage of the pullback in early April and would like to see another one [4] - The Institute previously overweight infoch and communication services but went neutral on communication services and technology [4][5] - The Institute favors financials as its most favored sector, anticipating financing, M&A, deregulation, and a better economy [6] - The Institute likes industrials and utilities, viewing them as beneficiaries of the AI trade due to the need for data center construction and electrical grid upgrades [5][6] - The Institute is neutral on developed international and emerging markets, viewing emerging markets as a potentially cheaper way to play technology and AI [8][9] - The Institute prefers sticking with larger cap midcaps and US over international, but is looking for opportunities to increase international exposure [9][10]

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Group 1 - The GDP gap between China and the US has widened from $6.4 trillion in 2023 to approximately $10.8 trillion, with the US aiming for $29.5 trillion and China at $18.7 trillion [1][3] - The apparent GDP difference is attributed to currency exchange rates rather than actual production, as China's real production activities are growing at a rate of 4.8%, while the US is at 2.0% [5][7] - The US economy is heavily indebted, with a national debt of $37.8 trillion, leading to over $1 trillion spent annually just on interest payments, which exceeds their military spending [8][11] Group 2 - China's GDP of $18.7 trillion is based on tangible production, with significant outputs in various sectors, contrasting with the US's inflated figures due to financial services and debt [13][19] - Purchasing Power Parity (PPP) indicates that by 2025, China's economy could reach $40.72 trillion, surpassing the US's $30.51 trillion, highlighting the efficiency of resource utilization in China [15][17] - China's agricultural production exceeds that of the US by approximately 10% for total grain output and 19 times for vegetable production, indicating a strong foundational economy [21][22] Group 3 - The structural differences between the US's "virtual" economy and China's "real" economy may not be apparent during stable times but could become critical during global supply chain disruptions or geopolitical tensions [24][26] - The US is attempting to bring back manufacturing and is aware of its economic vulnerabilities, while China has a robust global trade network that enhances its resilience [27][29] - China's advancements in sectors like new energy vehicles and high-end equipment manufacturing signify a shift from follower to leader in these industries, contributing to real productivity gains [31][32]