For those who do not understand what just happened:
— The Kobeissi Letter (@KobeissiLetter) April 25, 2024
First, Q1 2024 GDP growth slowed to just 1.6% which is less than HALF of the 3.4% Q4 2023 number.
This reading is roughly 50% BELOW Goldman Sach's expectations.
But it gets even worse.
At the same time, the US Core PCE Price… pic.twitter.com/5Rct3i9TGh
“THE SCORE”
https://www.the-sun.com/sport/16642968/goodwill-lakers-jacket-sells-250-k