What Concerns Behind US Stock Highs? WSJ 7.19 Analysis

WSJ July 19-20 weekend edition shows US recession probability dropped from 45% to 33%, Q2 GDP growth forecast raised to 2.2%. S&P 500 and Nasdaq hit new highs, up 0.6% and 1.5% respectively. Tech giants wage fierce AI talent war with Meta offering $300M+ compensation packages to poach OpenAI researchers. Chevron's $53B Hess acquisition approved, Reckitt divests $4.8B home care business. ACA health plans seek double-digit 2026 rate increases. AI regulation divide intensifies as Meta refuses EU code of conduct citing uncertainty. Defense tech Anduril develops "attritable" drones for collaborative warfare. Consumer side sees e.l.f. success through Gen Z marketing, McDonald's classic product return triggers buying frenzy.