The incoming data continues to show a strong US economy with tailwinds from data center spending, AI spending, defense spending, and government spending via the CHIPS Act, the Inflation Reduction Act, and the Infrastructure Act.

Combined with additional tailwinds to growth from high stock prices, high home prices, Fed cuts, and higher consumer confidence, the bottom line is that the US economy is entering 2025 on a firm footing. 

Note: Filings are for companies with more than $50 million in liabilities. For week ending on January 16, 2025.  

Source: Bloomberg, Apollo Chief Economist

Source: Challenger, Gray & Christmas; Haver Analytics; Apollo Chief Economist
 

Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful. No strategy assures success or protects against loss.