AAPL reports after the market closes this afternoon.
US economic growth, 1Q22, unexpectedly declines in first quarter by 1.4%. If I'm reading that correctly, that's a negative 1.4% annualized decline. One analyst, about a week ago, said we were already in a recession. I never posted that, waiting for confirmatory data. So, Jay Powell, already put us into a recession? Rate hike still on? Link here.
The negative growth rate missed even the subdued Dow Jones estimate of a 1% gain for the quarter. GDP measures the output of goods and services in the U.S. for the three-month period.
Weekly jobless claims: 184,000 just above expectations in tight labor market.
WTI: oil doesn't care about GDP. Oil up slightly in early morning training.
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The Sports Page
Joe DiMaggio: 56-game hitting streak, May 15, 1941 - July 16, 1941, a record that still stands. Eighty-one years ago.
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