5 replies to this topic

[redfoliage2]

GDP number going to be better than expected.

Edited by redfoliage2, 26 April 2007 - 01:13 PM.

[arbman]

I hope it does, I am looking to go VERY VERY aggressively short.

[TechSkeptic]

What is a "good" GDP number? "Good" might mean "bad" if it means the Fed is more likely to raise rates. Always difficult to figure that one out...

[tozwp]

GDP number going to be better than expected.

Possibly. Bonds are down and foreign currencies are down against the dollar. A good gdp number might take the pressure off for another rate increase to slow inflation. What this does to the market? I have no idea. Wouldn't think it would like the prospect of a rate increase but who knows?

[relax]

"The Federal Reserve has indicated that due to flaws in estimating auto sector industrial production, the initial estimate will likely underestimate the true growth rate. He adds that investors should largely disregard this first number and wait for the final estimate, as he outlined in an interview on TheStreet.com TV Friday"

So do not expect a high figure

2.0-2.2 - would be a good high figure
1.5 will be negative

1.8 and a low PCE Core Deflator figure would be perfect and set the Fed up for lowering rates

Judging from today's action we will probably get a mixed reaction tomorrow, but nothing which will ruin the rising trend

GDP number going to be better than expected.

Possibly. Bonds are down and foreign currencies are down against the dollar. A good gdp number might take the pressure off for another rate increase to slow inflation. What this does to the market? I have no idea. Wouldn't think it would like the prospect of a rate increase but who knows?

[Mtrader]

I am ready for 100+ number early in the morning.