The GDP of this company for Q1 was recently revised downward by 25%, from 2.4% to 1.8%.
Yet immediately following the announcement stocks went up…
Huh?
In the black-is-white, good-is-bad world where the Fed manipulates interest rates, we’ve almost gotten used to such reactions.
But upon further analysis, that adjustment could be a big disappointment for the stock market in the long run. (more)
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