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.

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or what you think you may have read here. 

The theme continues -- a "Fed" rate cut later this year.

Links to which we will return:

• Daimler and Geely team up to build Smart cars in China; reminder: Geely already owns Volvo;
• solar car parks in Scotland
• $30 billion Driftwood LNG decision? 

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Looking For Love In All The Wrong Places