Stock Sectors and Trades for a Hot US Economy

America’s hot-hot-hot third-quarter economic growth is hammering Federal Reserve rate cut bets and raising big questions over the costs of President Donald Trump’s economic strategy, creating a conundrum for investors. U.S. gross-domestic product grew at a 4.3% clip over the three months ending in September, faster than the 3.8% pace recorded over the second quarter, and well ahead of Wall Street’s 3.3% forecast. President Trump is claiming that his tariff strategy is responsible for the surprise advance, but a big chunk of the overall gain was tied to health care services and consumer spending.