Market Commentary
Although it's backwards looking, it's worth a quick take on the first look at second quarter GDP. At 2.8% it came above the consensus of 1.9%.
Wall Street loves the report, but there are several worrisome narratives.
Beyond the consensus game, there are compelling trends.
Comments |
I don't understand why Wall Street would love this report. One would think that a hotter economy than anticipated would give the Fed cause to hold off on any rate cuts. Chuck Burks on 7/25/2024 1:20:41 PM |
Ok Bruce on 7/25/2024 3:06:33 PM |
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8/20/2024 1:01 PM | Juxtaposition |
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