GDP, Consumer Sentiment: Slow Bleed

Real GDP came out for Q2 this morning and we saw a growth rate of 1.5% from the reading.  This is obviously ass.

Here’s the Washington Post:

The economy grew at an annual rate of 1.5 percent from April through June, the Commerce Department reported Friday, a pace that confirmed fears that the economy continues to sputter.

A Growth rate below 2 percent isn’t enough to lower the unemployment rate, which was 8.2 percent last month. And few analysts expect the economy to gain momentum in the second half of the year, as concern about debt problems in Europe and the fiscal cliff—a series of tax increases and spending cuts due to take effect in January unless policy makers find an alternative—dampen confidence.

The estimated rate of economic growth in the second quarter marked the weakest quarterly GDP growth since last fall and promises to sharpen the scrutiny on the President Obama’s fiscal policies.

Let’s take a peek at consumer sentiment via Econoday:

Consumer spirits are flat, reflected in the Reuters/University of Michigan’s consumer sentiment index which finished July at 72.3 for a marginal 3 tenth gain from mid-month and a 9 tenths decline from June. The best news is in the assessment of current conditions where the index is at 82.7 which is down 5 tenths from mid-month but up 1.2 points from June. This reading hints at steady readings for July’s data related to the consumer including jobs and spending.

The outlook, however, is deteriorating but only slightly with the expectations index at 65.6 which his up 8 tenths from mid-month but down 2.2 points from June. Lack of confidence is also reflected in the 12-month outlook where the index is at 74 vs 77 at mid-month and June’s 79.







This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here:

Please see disclosures here.

What's been said:

Discussions found on the web
  1. video transitions for premiere pro commented on Sep 15

    … [Trackback]

    […] Find More Info here on that Topic: […]

  2. sell dumps commented on Oct 31

    … [Trackback]

    […] Read More here to that Topic: […]

  3. 안전놀이터 commented on Nov 01

    … [Trackback]

    […] Info on that Topic: […]

  4. Load testing automation commented on Nov 12

    … [Trackback]

    […] Here you will find 47338 additional Information to that Topic: […]

  5. PG SLOT commented on Nov 25

    … [Trackback]

    […] There you will find 89504 additional Info on that Topic: […]

  6. DevOps assessment services commented on Dec 01

    … [Trackback]

    […] Information on that Topic: […]

  7. white leaf commented on Dec 12

    … [Trackback]

    […] Find More Information here on that Topic: […]

  8. adult sex doll bbw perfect commented on Dec 31

    … [Trackback]

    […] Read More here on that Topic: […]

  9. kimber eastwood commented on Jan 18

    … [Trackback]

    […] Read More on on that Topic: […]

  10. tangerine bank log in commented on Jan 20

    … [Trackback]

    […] Find More Info here to that Topic: […]

  11. Digital transformation commented on Feb 03

    … [Trackback]

    […] Info on that Topic: […]