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Thursday, March 28, 2019

March 28, 2019, T+85, Part 1

Jobless claims, link here:
  • prior: 221K
  • revised down: 216K
  • consensus: 225K 
  • actual: 211K
4Q18 GDP: revised down, corporate profits failed to rise for the first time in more than two years. 4Q18 GDP at 2.2% -- and, of course, about that time Jerome Powell raised the fed rate on concerns that the economy was overheating. But then this: if there is no recession in first and second quarters of 2019, the "expansion" will be the longest on record. I guess that "official milestone" will be set July, 2019. I'm not sure if the linked Reuters article is an op-ed or a news article, but it did include this:
For all of 2018, the economy grew 2.9 percent as previously reported, despite the White House's fiscal stimulus of $1.5 trillion in tax cuts and more government spending. Growth last year was the strongest since 2015 and was an acceleration from the 2.2 percent logged in 2017.
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The theme continues -- a "Fed" rate cut later this year.


Links to which we will return:
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Looking For Love In All The Wrong Places


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