Q3 GDP 1st estimate to be released tomorrow
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Started by TimNew - Oct. 28, 2020, 9:03 a.m.

ATL Fed estimate raised to 36.2.    Double digits have occurred, but never even close to this. (Highest ever- 13.4% in 1950:Q4)

I don't expect this to be a market mover as the awareness is wide spread, much more so than typical, and is likely priced in.  Equities appear to be focused on the virus and the flailing stimulus efforts.  Earnings have largely been respectable, including future advisement, BTW.

IMO, the Virus Scare is being overplayed,  but we don't know what we don't know.


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