This is the first time that I have run this RVS version 2.0 model on data this far back...not bad...for nearly 30 years of Fed and government manipulated bubble blowing markets.
Q2 GDP Tracking: Wide Range
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There will be some trade related distortions in Q2.
From BofA:
Overall, *2Q GDP tracking is down from 2.7% q/q saar to 2.6%.* [June 17th
estimate]
emphas...
2 hours ago