Wednesday, June 26, 2013

U.S. First-Quarter Growth Drops to 1.8%

Bad economic news means that the Fed QE could keep going and going! GDP for the first quarter drops to 1.8%.  The stock market rallies, but on light volume.

I think it's just end of month and end of quarter stuff, rallying after being quite oversold.  The summer correction is on.  IMHO.

U.S. First-Quarter Growth Drops to 1.8%

U.S. economic growth was more tepid than previously estimated in the first quarter, held back by a moderate pace of consumer spending, weak business i... Read more

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