Sebastien Page stated on Tuesday that despite mixed data, he does not believe the usa economy is slowing down.
Finance and Economics APP learned that Sebastien Page, Chief Investment Officer of investment management company t. rowe price, stated on Tuesday that despite mixed data, he does not believe the usa economy is slowing down.
He said: "I do not agree with the pessimistic view, I tend to be optimistic. I do not think the economy is slowing down." He pointed out that the Gross Domestic Product (GDP) growth rate in the usa is higher than at the beginning of the year.
Page acknowledges that before the November usa election, the market faces uncertainty. Recent polls have shown that usa Vice President Kamala Harris and former President Donald Trump are evenly matched.
He said: "We do not know the outcome. But when we get through this difficult period, I believe the market will perform well."
It is understood that the upcoming usa election has raised concerns on Wall Street, but goldman sachs director and General Manager Scott Rubner believes that the usa stock market will continue to rise until the end of the year, following seasonal trends. historical data shows that November and December are usually the strongest months for stock market returns.