US Commerce Secretary Howard Lutnick Predicts Economy Will Be 'Humming' in Q4 2025, Bullish for SPY

U.S. Commerce Secretary Howard Lutnick has expressed optimism about the economy, stating that it will be 'humming' in the fourth quarter of 2025. His comments were made during an appearance on the All In Podcast, where he emphasized the importance of consumer spending in driving economic activity. This statement has garnered attention, with various commentators noting its potential bullish implications for the stock market, particularly for the SPDR S&P 500 ETF Trust (SPY). Additionally, some critics, including economist Peter Schiff, have challenged Lutnick's views, suggesting that his understanding of economic principles, specifically Say's Law, may be flawed.