The US economy surpasses expectations with 3.0% growth in the second quarter, but deVere Group warns of underlying slowdown. CEO Nigel Green advises against complacency, as trade deficit distortion masks weakening domestic demand. Consumer spending slows, signaling cautious households and impacting sector performance. The 3% growth rate gives Fed room to wait, but pressure remains to pivot sooner. Markets may rally on the headline, but deVere warns of selective positioning and unsustainable growth engines. Investors advised to stay disciplined and favor globally diversified assets. US economy recalibrating into slower, fragile expansion, caution urged amid surface strength.
Read more at Investing.com: US GDP: Are Markets Chasing Headlines and Misreading the Data?
