More “Bad” Good News

Remember that tepid Q1 GDP reading of 1.3%? Never mind. The Commerce Department has decided in its third estimate that the actual growth was 2.0%. This massive revision, regardless of the cause, certainly won’t do much to encourage another Fed pause or reversal. Neither will the lower than expected initial claims or the 4.1% GDP deflator.

Futures could have trouble holding the 10-day moving average again today.

continued for members


Sorry, this content is for members only.

Click here to get access.


Already a member? Login below

Remember me (for 2 weeks)

Forgot Password