by Reity ...
Is 1.9% Good Enough?
In the third quarter we enjoyed +3.5% GDP growth. So in that light the +1.9% for Q4 seems like bad news for the US economy.
However, it's important to note that before that sparkling +3.5% display we had quarterly growth of only 1.4%, 0.8% and 0.9%. So the Q4 result served up Friday is actually above trend. And inside that result is a healthy consumer that continues to spend at an expanding clip.
This coming week we will also get some important recon about the state of the economy including ISM Manufacturing, ISM Services, Government Employment and even the FOMC Meeting announcement. I suspect that each will only add credence to the current health of the economy and reasons to stay bullish.
We just need the folks in DC to provide a clear and consistent pro-growth agenda. This will pave the way for a break above 2300 on the way to new heights.
Best,
