Pinebrookcap's Substack

Pinebrookcap's Substack

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GDP Wrap Up
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GDP Wrap Up

David Cervantes's avatar
David Cervantes
Oct 26, 2023
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Pinebrookcap's Substack
Pinebrookcap's Substack
GDP Wrap Up
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The GDP print of 4.9% came in stronger than the consensus range of 4.3%-4.5%.

The bond market front-ran this stronger than expected growth yesterday (mentioned on Twitter yesterday) by selling off in the afternoon, and this carried over to equities as well.

The economy entered Q4 with stronger than expected momentum.  This is in the past and priced.

Looking forward:

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