I have been writing about soaring Q3 US GDP following the Atlanta Fed’s GDPNow and NY Fed’s Nowcast GDP trackers, so it is no surprise that Q3 US GDP checked in at 33.1% after falling -31.4% in Q2.
Personal consumption rose 40.7%. Now that is a big surge!
The Dow Mini futures is down after the GDP announcement.
And the Dow dropped -142 points on opening.
At least M2 Money Velocity has increased.