In case of the above mentioned data signaling no cool-down in the inflation pressure I suggest you to cover SP500 long position.
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Im confused after the data .
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The GDP estimate released today is based on source data that are incomplete or subject to further revision by the source agency (refer to “Source Data for the Advance Estimate” on page 3). The “second” estimate for the first quarter, based on more complete source data, will be released on May 30, 2024.
THE GDP QoQ is extreemly controversial.
So something must be we wrong - I do suggest to everyone note the revison day, and those whos more prefer the digg-into things - bea.gov/data/gdp/gross-domestic-product