Briefing. Investor Doubt Creeps into Constellation Software and Copart, with both down 30% from Peak

• Strong second quarter performance driven by service spending and business investment, particularly in intellectual property like R&D and software
• Mixed economic indicators show resilient consumer demand but slowing hiring and persistent inflation pressure
• Housing market remains strained with low inventory and high prices, while new home sales see a significant increase in August due to incentives like mortgage buy downs

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