FYI: We almost fell off our chairs when a five-handle figure came across the screens this morning at 8:30 AM, showing the US economy expanded at its fastest pace for a quarter since Q3 2003: 5.0% at a real, seasonally adjusted annual rate. As we said last night in The Closer (available as part of our Premium package:
GDP revisions [tomorrow] will be important to review, as usual, but keep in mind any data is at this point between three and six months old and therefore only useful in terms of confirmation as opposed to inflection points in trend.
Regards,
Ted
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