The Stealthy Strength of U.S. GDP In 2nd Quarter

Headline Q2 US GDP growth decelerated to 1.5% annualized from Q1’s upwardly revised 2.1%, but that doesn’t tell the story.[i] Under the hood, America’s main economic engines are revving. Although backward looking, last quarter’s stronger-than-appreciated growth shows why the bull market is on firmer footing than most coverage contends. Read Full Article »