Wolfe Research Says AI Investment and Wealth Gains Continue to Support U.S. Growth
Key takeaways
- Wolfe Research Says AI Investment and Wealth Gains Continue to Support U.S.
- Data from the May ISM Manufacturing survey released on Monday showed the sector expanding for a fifth straight month.
- According to the firm, rising asset values are playing an important role in supporting consumer spending.
Wolfe Research Says AI Investment and Wealth Gains Continue to Support U.S. Growth Fiona Craig Sat, June 6, 2026 at 9:50 PM GMT+7 1 min read artificial intelligence ai hand tray NEW SIZE ©Shutterstock The U.S. economy remains on a solid footing, with high-frequency economic indicators suggesting real GDP growth is running at roughly 3%, according to Wolfe Research. The firm said ongoing investment in artificial intelligence infrastructure, combined with favorable wealth effects and tax-related stimulus, continues to underpin economic activity.
Data from the May ISM Manufacturing survey released on Monday showed the sector expanding for a fifth straight month. Wolfe noted that the New Orders component, which forms part of its six-month moving average U.S. Market Cycle Framework, continues to point toward an Early Acceleration phase.
According to the firm, rising asset values are playing an important role in supporting consumer spending. With financial markets trading at record highs, spending activity remains particularly strong among higher-income households.