CHART OF THE DAY: GDP 1% Handle in Q1?

02/15/18 08:18AM EST

Editor's Note: Below is a brief excerpt from today's Early Look written by CEO Keith McCullough. Click here to learn more about the Early Look.

Our predictive tracking algo for REAL GDP fell yesterday. Here’s that update:

A) Our year-over-year US GDP nowcast fell from 2.72% year-over-year to 2.58%
B) Our quarter-over-quarter US GDP SAAR nowcast dropped from 2.02% to 1.56%

No, that +1% handle on headline US GDP is not a typo. Since that’s the headline number that Macro Tourists will be slapping all over the place when Q118 GDP is reported in April, I think dropping from Trump’s beloved +3% handle to +1% will probably matter.

CHART OF THE DAY: GDP 1% Handle in Q1? - Chart of the Day 2 15 18

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