US Q3 GDP Preview: Here's What Goldman Sachs, Atlanta Fed Expect
Portfolio Pulse from Piero Cingari
The Bureau of Economic Analysis (BEA) is set to release its Q3 GDP estimates for the U.S., with expectations of a robust growth rate of 4.3%. Goldman Sachs and Atlanta Fed predict even higher growth rates of 4.6% and 5.4% respectively. The primary driver of this economic upswing is anticipated to be consumer expenditure. Previous GDP announcements have impacted the SPDR S&P 500 ETF Trust (SPY) and the iShares 20+ Year Treasury Bond ETF (TLT).
October 25, 2023 | 4:35 pm
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NEUTRAL IMPACT
Previous GDP announcements have impacted the SPDR S&P 500 ETF Trust (SPY). The ETF has shown both positive and negative reactions to past GDP estimates.
The SPY ETF has shown reactions to past GDP estimates, indicating a potential impact following the upcoming release. However, the direction of the impact is uncertain.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Previous GDP announcements have impacted the iShares 20+ Year Treasury Bond ETF (TLT). The ETF has shown negative reactions to past GDP estimates.
The TLT ETF has shown negative reactions to past GDP estimates, indicating a potential negative impact following the upcoming release.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80