I started this.
Q1 GDP... Don't Break Out The Champagne Quite Yet - Seeking Alpha
- Net exports plus a build-up in inventories contributed 1.68% to GDP. That's the biggest bump in 6 years and muddies the economic waters.
- So far, Q1 earnings are at a -3% year-over-year decline and Q2 forecasts are expecting a -0.5% decline.
- Today's GDP report saw residential construction decline -2.8% on an annual rate, the fifth consecutive quarterly decline.