Nowcast Ends with 3.9% 4th-Quarter GDP forecast, 1st Quarter at 3.1%

Nowcast does its final forecast on the day GDP comes out. It concludes it's 4th-quarter forecast at 3.9%.

The final Nowcast estimate for 4th quarter GDP is an anticlimactic 3.9% today vs. the actual BEA estimate of 2.6%. The forecast for the first quarter is 3.1%.

Nowcast First-Quarter GDP Estimate

Note that today's GDP report did not change the Nowcast First-Quarter estimate.

Today's GDP advance announcement was weaker than expected. Some found hidden strength, others hidden weakness.

Mike "Mish" Shedlock

Comments
No. 1-2
Snow_Dog
Snow_Dog

(~~ sigh ~~)
NO talking it down...

Snow_Dog
Snow_Dog

Too late, there will be talking this market down. Dalio let the dogs out and they are hungry. Chasing down anything that even looks like a stock.

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