Macro: GDPNow — doubled
After a terrible ISM survey at the beginning of the month, GDPNow was indicating 1.2% growth. After a strong employment and retail sales report, GDPNow has more than double to 2.6%. Strong employment leading to strong consumption is the theme. Personal consumption is 68% of the economy and driving 78% of growth this quarter. Disclaimer: This information is presented for [...]
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