Economy growing slowly in Q2


The Atlanta Fed reports:

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2015 was 0.8 percent on May 1, down slightly from 0.9 percent on April 30.

In other words, thee economy, using the latest data available as of May 1st, is still struggling in Q2 with growth below 1%. (See above chart showing most recent forecast and how it differs from the consensus).

We should see soon in the markets the implications of this disappointing growth.

More details on how these ideas apply to portfolio management are found in The Peter Dag Portfolio on www.peterdag.com
George Dagnino, PhD
The Peter Dag Portfolio
Since 1977
Author, Profiting in Bull and Bear Markets
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