GDPNow — Up Again — “We’re Nearing A Mild Recession” — And, Oh, By The Way: Back In A Bull Market —June 11, 2023

Locator: 44910MKT.

GDPNow: link here. Most recent reading — 2.2%.

The only “thing” in a recession? Oil stocks. I’ve been waiting two decades for a breakout in the price of WTI. Time to move on.

Fed: likely no change in “Fed rate” in June.

Market: