Today, it's all about yesterday's GDP report
BEA Table Showing the Q/Q % Change
The main takeaways in today’s preliminary GDP estimate: consumers are inclined to pare spending on personal items but are ramping up expenditures in the residential sphere. Businesses, meanwhile, are increasingly cautious on capital investment these days.
Housing investment was one bright point. Another was growth in government spending at the state
and local level which more than made up for a drop at the federal level.
From Doug Short