Goldman Sachs Raises U.S. Q2 GDP Tracking Estimate By 0.4 Percentage Points To 2.2% QoQ On A Seasonally Adjusted Basis
Portfolio Pulse from Happy Mohamed
Goldman Sachs has raised its U.S. Q2 GDP tracking estimate by 0.4 percentage points to 2.2% QoQ on a seasonally adjusted basis, according to Reuters.
June 27, 2023 | 3:23 pm
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POSITIVE IMPACT
Goldman Sachs' revised U.S. Q2 GDP tracking estimate may positively impact its stock price in the short term.
Goldman Sachs' upward revision of the U.S. Q2 GDP tracking estimate reflects a more optimistic outlook on the economy, which may lead to increased investor confidence in the company and a potential rise in its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
The revised U.S. Q2 GDP tracking estimate by Goldman Sachs may have a positive impact on the SPY ETF in the short term.
The upward revision of the U.S. Q2 GDP tracking estimate by Goldman Sachs indicates a more optimistic view of the economy, which may lead to increased investor confidence in the broader market and a potential rise in the SPY ETF.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80