The revised growth figures for the third quarter underscore the strong American economy. It records a rapid annualized growth rate of 5.2 percent, the highest since 2014. President Biden’s 2022 Inflation Reduction Act largely accounts for the current strength of the U.S. economy.
Specifically, the Act primarily consists of a $370 billion clean energy subsidy package over a decade. While intended to be fiscally contractionary over ten years, these subsidies have fueled a boom in high-tech industries.
The stock market has been growing significantly. Hence, these three stocks are the next trillion-dollar stocks that will explode in growth.
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