GDPNow tracking at 1.2% for Q2. Tomorrow likely to see spike in trade deficit. Could that plus huge drop in services inventories generate a negative print?
Generally sloppy morning of data. One note: don't be fooled by the GDP revision, which was all about inventories. Spending revised lower, and real final sales to private domestic purchasers slashed to 1.7% growth.
https://t.co/XUC5K0PK10
@RedElder77@HawkEmDownChris Jim Thorpe - Olympic gold medalist in decathlon and pentathlon, played professional football, basketball and baseball and won an AAU championship. Checkmate.