WS #16060
China's Q3 GDP growth of 4.5% exceeded forecasts, offering a counter-narrative to global growth fears, though the market remains cautious on the sustainability of the recovery. In the US, the tech sector is undergoing a painful rotation as the AI trade unwinds; however, earnings previews for Amazon and Meta highlight improving operating margins and ad revenue acceleration, suggesting that quality tech names with strong balance sheets are finding support despite the broader sector selloff.
China GDP Beat & Tech Rotation
China's Q3 GDP growth of 4.5% exceeded forecasts, offering a counter-narrative to global growth fears, though the market remains cautious on the sustainability of the recovery. In the US, the tech sector is undergoing a painful rotation as the AI trade unwinds; however, earnings previews for Amazon and Meta highlight improving operating margins and ad revenue acceleration, suggesting that quality tech names with strong balance sheets are finding support despite the broader sector selloff.