09/18/17 07:59 AM EDT

My 3 Key Takeaways on US GDP

Keith McCullough

Editor's Note: Below are three key takeaways from today's Early Look morning newsletter written by Hedgeye CEO Keith McCullough. Click here to learn more about the Early Look.

Key Takeaways

We’ve been trying to warn US Growth Bears about one very basic concept. And that is US GDP #Accelerating, throughout 2017. We’ve had 4 straight quarters of that.
Despite 2 monstrous hurricanes hitting us hard, we should have a 5th consecutive quarter of year-over-year #acceleration in the US GDP data series. As of Friday’s real-time data, the Q3 #acceleration won’t be as big as it could have been, however.
Here’s our updated US GDP view for Q317: Q3 GDP ticks down to +2.42% year-over-year growth (vs. +2.2% in Q217); Q3 GDP ticks down to +3.63% on a q/q SAAR basis (vs. +3.0% in Q217).

My 3 Key Takeaways on US GDP

Key Takeaways

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