be careful, its a trap as I have been stating . Trump is being set up for a big fall
The stock market is already starting to discount the slowdown. This GDP is complete horseshit, as not only did you have a big inventory build that will come back to bite you in upcoming qtrs if the sales dont follow , but the the GDP price deflator conveniently dropped from 3% TO 1.7%? If it stayed @ 3% , your GDP would have been 2.2%
Look for downward revisions
Remember, the FED is just getting started selling of their balance sheets and raising rates
Headwinds way to strong, and the bubble economy is popping
Bush and Obama did a lot of damage, and with 21.5 trillion in debt, soaring deficits , huge trade deficits , and the Fed raising rates and instituting QT, its a recipe for disaster
Housing stocks leading the way down
If the debt and deficits are this high during "boom times", what will they be like when we turn down?
TRUMP's position all along if he wasn't such an egomaniac, should have been to say although we have made some progress ,OBAMA screwed things up so bad that this is going to take time to fix, and there may be some short term pain first
Now he owns this market, and the recession that is coming, quickly