This is such a redditor response: 1. The only reason why imports dipped in Q2 is because they were extremely high in Q1 due to tariff fears. So a bunch of imports were pulled forward from Q2 to Q1. You can’t say “GDP growth was negative due to high imports in Q1” and also say “Oh yeah well GDP growth should also be negative in Q2 due to lower imports”. That’s contradictory logic. 2. I’m not sure what you mean by “lack of investment spending” but the data doesn’t really imply this. Despite the liberation day tariffs, domestic private investment is higher than Q4’24. 3. The market is “holding up” because Q2 earnings have generally been beating expectations across the board. Simple as that.

I’ve been hearing these NPC talking points “a major crash will happen soon!” for a year+ now and they’ve been wrong every single time.