Coinworld news, Pinghao pointed out in a report that there is a divergence between the U.S. stock market and overall economic performance. Although the S&P 500 index has increased by nearly 10% so far this year, the process has been bumpy, with a pullback of about 20% in April. The report shows that the annualized growth rate of real consumer spending in the first half of 2025 is 1%, and the growth rate of real GDP continues to slow down. A Bloomberg survey indicates that the average probability of a U.S. economic recession in the coming year is 35%.