Editor's Note: Below is a brief excerpt and chart from today's Early Look written by CEO Keith McCullough. Click here to learn more about the Early Look.
Ahead of tomorrow’s US GDP report for Q3 of 2017 which will have another +3% handle in front of it, here’s your update on Q4:
A) Our predictive tracking algo has ticked up post last week’s booming Retail Sales and IP data to +2.67% year-over-year growth
B) That 2.7% y/y number imputes a +3.07% q/q SAAR forecast for Q4 of 2017 (that’s the headline # Wall Street reads to you)
That’s why all you Trump lovers out there can say he’s actually telling the truth when he’s talking up the “3% GDP economy.” If our nowcast model is right, the US economy is going to score a hat trick of 3 straight quarters of headline +3% US GDP.
