Suitably Flip

Markets Relieved GDP Revision Only Shows Swift Deceleration In Economic Growth

Second quarter output growth was revised down from 2.4% to 1.6%, slightly worse than reported consensus estimates of 1.8%, but a lot better than the 0.5% some were looking for.

Stock futures popped a bit on the news, but on more than one economic-data-driven trading day this week, the market has reversed its sentiment mid-session, so don't be surprised if this confirmation of swift slowdown by the king of economic data points doesn't yield some investor nausea by the end of the day.

Comments

Markets Relieved GDP Revision Only Shows Swift Deceleration In Economic Growth

Second quarter output growth was revised down from 2.4% to 1.6%, slightly worse than reported consensus estimates of 1.8%, but a lot better than the 0.5% some were looking for.

Stock futures popped a bit on the news, but on more than one economic-data-driven trading day this week, the market has reversed its sentiment mid-session, so don't be surprised if this confirmation of swift slowdown by the king of economic data points doesn't yield some investor nausea by the end of the day.