Lions. If someone were see this headline, they would assume our economy is good/strong… *headlines like this are meant to pacify a public being squeezed from every angle and then some. *
**The market is higher counting on Fed “Rescue.” Click HERE. **
THE BREAKDOWN…
FIRST. Lions… this 2.0% Q1 GDP print today was below expectations. *The market was expecting a 2.3% annualized growth, *so the number missed.
SECOND.* Buried in this 2% number is this.………*** Federal/Government spending contributed more than half a percentage point of this 2% number. **
**THIRD. Business investment spending on AI surged to 8.7%. (According to their numbers). **A good thing?
Lions. Also buried in all this is consumer spending slowed to 1.6%, down from 1.9%, and……………. inflation just jumped to a 3 year high.
GM