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

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.