US GDP Forecast To Decline -34.9% QoQ (S&P 500 Sez “Meh”)

Now ain’t this a kick in the head. The Covid-19 and the government shutdown response is leading to a crushing decline in US GDP for Q2 2020 of … -34.9% QoQ.

Screen Shot 2020-05-09 at 7.17.14 PM

The recent dismal wholesale trade report sent forecast Q2 GDP down -34.9% QoQ.

Screen Shot 2020-05-09 at 7.39.22 PM

The reaction to the declining US GDP? Meh.

discoinnect

The good news? NMHC rent payment tracker finds 80.2% of apartment households paid rent as of May 6.

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