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USGDP growthSPYconsumer sentiment
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Related tickers and likely impact
DXY
▲ Likely positiveRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/22/2026 | 101.62 |
| Change that session | -0.07% |
SPY
▲ Likely positiveSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 759.85 |
| Change that session | -0.54% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- US consumer sentiment near record low ahead of midterm elections
- Trump emerges as prime suspect in economic mystery stumping experts : economist
Economist Justin Wolfers argues that Americans' gloom despite solid economic statistics stems mainly from a record collapse in public confidence in how the Trump administration handles the economy. The University of Michigan's sentiment index is around 52, nearly the level of May 1980, when unemployment was near 8% and inflation near 14%. His model estimates sentiment should be about 82, a 30-point gap. The share rating economic policy as poor minus those rating it good widened from 14 points in late 2024 to 66 in May 2026, above the previous high of 52 during the 2011 debt ceiling standoff. Backtested on data through October 2024, the model with this verdict predicted a drop of roughly 20 points, close to the actual 17-point fall, while prices and jobs alone forecast only about 2 points.
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- 1 of the Stock Market's Most Reliable Recession Warnings Just Disappeared. Here's What Usually Happens Next.
The 10-year/three-month Treasury yield spread has long been regarded as a reliable recession indicator, having inverted 8 times over more than 60 years, and each time a recession followed, usually within 6 to 18 months. Its 9th inversion, in late 2022, bottomed near -200 basis points without a recession, which the author argues means the signal has effectively disappeared. The yield curve is now steepening mainly because long-term yields have risen sharply, as U.S. inflation has run at 3% to 4% for most of 2026 and Treasury bond supply has increased. Strong corporate earnings growth and positive GDP growth are cushioning the impact, but the author stresses that recession risk has not gone away.
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According to the New York Times, high gas prices, elevated interest rates and Mr. Trump's unpredictable economic policies, including tariffs, have battered rural America over the past year. Iowa's economy contracted in 2025 and posted the weakest annual growth rate in the country, according to the federal Bureau of Economic Analysis. Polls suggest the state that helped propel Mr. Trump's rise could flip in favor of Democrats when voters cast ballots next month.
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Latest news
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Bloom Energy reported record third-quarter revenue of $1.24 billion, up 138% year over year, and raised its 2026 revenue forecast to $4.4 billion–$4.6 billion for the third time this year. Despite the results, shares fell about 9% to $217.77 on Oct. 22 and dropped to roughly $203 after hours, still about 37% below the June 22 record close of $345.85. The weak spot was cash: operations used $27 million in the third quarter, contract assets (revenue booked but not yet billed) rose to $793 million, and free cash flow was negative $181 million. The author says the stock now looks cheaper relative to the raised earnings forecast and could be considered for gradual investment, but wants to see contract assets convert to cash before increasing the position more aggressively.
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The article says Vertiv (VRT) shares have risen strongly on the data center and AI infrastructure wave, with a five-year return of about 660%. A discounted cash flow (DCF) model estimates latest twelve-month free cash flow at about $3.0 billion and an intrinsic value meaningfully above the $194.32 share price. New AI factory partnerships with NVIDIA and Dassault Systèmes, plus a sizeable order backlog tied to AI data center projects, are cited as factors that could affect how fast cash arrives and how much investment is needed. The piece also notes a P/E of 43.2x and asks whether the current price is fully supported by the cash flows implied in the DCF estimate.
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