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Q2 GDP, annualized, quarter over quarter -32.9%
Posted on 7/30/20 at 7:47 am
Posted on 7/30/20 at 7:47 am
vs -34.5% expected
Was -5% change in Q1.
Was -5% change in Q1.
This post was edited on 7/30/20 at 9:06 am
4
Posted on 7/30/20 at 8:02 am to castorinho
The oddest thing is happening. Futures are actually down 1% 
Posted on 7/30/20 at 8:08 am to castorinho
Obviously the play here is 0 Delta max strike QQQ calls. So bullish.
Posted on 7/30/20 at 8:31 am to castorinho
Interestingly now neither Obama nor Trump have a stake at the dubious claim of never having a year with annual GDP of 3% or more as 2015 (3.1%) and 2018 (3%) were both revised upward.
From Ben Casselman at the NYT:
From Ben Casselman at the NYT:
quote:
This definitely qualifies as trivia, especially right now, but for the record: 2018 annual growth was revised back up to 3%. But 2015 was revised up to 3.1%, meaning Trump can no longer claim Obama never had a full year of 3% growth.
Posted on 7/30/20 at 8:49 am to castorinho
just so it's clear- thats "annualized"
GDP fell by 9.5%. If GDP continued to fall at that rate for a full year, it would be 32.9%, but that is not what happened in the 2nd quarter.
It's still very very bad, but the 32% is something of a sensationalized headline number to get clicks
GDP fell by 9.5%. If GDP continued to fall at that rate for a full year, it would be 32.9%, but that is not what happened in the 2nd quarter.
It's still very very bad, but the 32% is something of a sensationalized headline number to get clicks
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