[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”]
[/video_player]
Gross domestic product is the single broadest, cleanest measure of the health and growth of the economy.
The number we got today missed the forecast and came in significantly worse than the previous quarter, to boot.
How big was the miss? Big – 3.1% during the previous quarter down to 2.3% today.
But, there’s a major asterisk to contend with, too: What we got today, of course, was advance GPD, which is the earliest measure and also the most likely to provoke a reaction in stocks.
Today, that was enough to knock stocks back on their heels a bit before recovering to end the day just in the green.
We’re not out of the woods yet, though, because GDP revisions look to be more or less downward. If those revisions hold water, we’ll likely be looking at sub-2% growth here in the United States.
That’s going to create losers and winners, and to make sure we’re on the right side of this, I’ve got some charts to share with you…
