GDP At A Glance

Today's GDP report was strong, consistent with a continuing expansion. The consumers are really taking over. Some positive highlights:

> the durable goods contribution to the GDP jumped a lot;

> Final Sales to Domestic Purchasers increased by 3,4 % yoy, a good rate;

> non residential structures and residential investment made positive contributions.

However, this is history. The market already knows it and I think this will become evident in the following days.

Looking into the future, it seems businesses are not very optimistic since they aggressively cut their inventories.