MBS Day Ahead: A Data-Free Day to Consider Thursday’s GDP Release

When Q1 GDP first came out weaker than expected and was subsequently revised all the way to -2.9%, it put a damper on many assessments of US economic health. While it may or may not be a mistake to have a downbeat view of the economy, it was probably a mistake to let the weird Q1 GDP do so much of the convincing. The strong bounce back in Q2 demonstrated that, but it was only the first of three readings. The econo-bears remained convinced that more negative revisions are on the way.

Leave a Reply

Your email address will not be published. Required fields are marked *