Will sputtering US growth kill its stock market?

Tuesday, 2 May 2017

From Zero Hedge comes come some cool charts today:

Is that meaningful or bear porn?

Q1 US GDP was pretty ordinary at 0.7% last week, weighed down largely by a lackluster consumer who retrenched at the fastest quarterly pace since the GFC:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.