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HomeRick Davis Goes Inside the GDP Report
Posted by Larry Doyle on July 30th, 2010 11:18 AM |
The equity markets are flat so the 2nd quarter GDP report must have been properly priced into current valuations. Perhaps, but I would neither go that far nor would I be so brazen as to say that the markets are wrong in how they trade. Markets are never wrong. The market is the market. All this said, let’s navigate with Rick Davis inside the 2nd quarter report and the prior revisions.
July 30, 2010 – Inside the New GDP Numbers:
On July 30th the Bureau of Economic Analysis (‘BEA’) released its “advance” estimate of the annualized growth rate of the U.S. Gross Domestic Product (‘GDP’) during the 2nd quarter of 2010. Per their report, the GDP grew during the quarter at an annualized rate of 2.4%, down from 3.7% in the 1st quarter of 2010. Several points from the report merit comment: (more…)
