---
title: "A \"too much growth\" scare on Wall Street?"
description: "Interesting to see that yesterday's pullback was NOT prompted by bad US macro data: on the contrary, Thursday's economic number beat expectations across the board: \n👉 Initial jobless claims unexpectedly tumbled to YTD lows, proving that the Texas-driven spike 2 weeks ago was indeed a one-time event...\n👉 Durables goods ex-transports rose for a 5th straight month....\n👉 US Q2 GDP was unexpectedly revised sharply higher, printing at a whopping 3.8%, above all estimates, and the highest in 2 years driven by a bizarre surge in consumption - see chart below\n👉US home sales were also well above expectations. In other words 4 for 4 on the data front. \n\nSo much for those stagflation concerns...\n\n‼️ But good (macro) news become bad news for the markets as the market quickly priced out odds of 2 rate cuts by December, closing the day at 1.56 rate cuts expected, down from 1.7 at the start of the day. It also pushed the 10 year yield and the greenback higher...\n\nAt the time when equity valuations are extended, a rise in bond yields could indeed trigger some profit taking on US stocks\n\nSource chart: zerohedge"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [A "too much growth" scare on Wall Street?](https://blog.syzgroup.com/syz-the-moment/a-too-much-growth-scare-on-wall-street)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Sep 26, 2025, 1:28:45 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/a-too-much-growth-scare-on-wall-street)

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