Macro: Advanced GDP Numbers

By Douglas R. Terry, CFA of Alhambra Investments

Nov 30, 2023 at 2:48 PM EST

GDPNow and almost all of the data is indicating a slowdown from a strong Q3.

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All advanced series released by the Census Bureau corroborate the same Q4 weakness seen in the advanced durable goods number from last week.

GDPNow and almost all of the data is indicating a slowdown from a strong Q3. Advanced data for wholesale and retail inventories and the trade deficit in goods all point to a slight slowing in GDP growth to stat the 4th quarter.

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This information is presented for informational purposes only and does not constitute an offer to sell, or the solicitation of an offer to buy any investment products. None of the information herein constitutes an investment recommendation, investment advice, or an investment outlook. The opinions and conclusions contained in this report are those of the individual expressing those opinions. This information is non-tailored, non-specific information presented without regard for individual investment preferences or risk parameters. Some investments are not suitable for all investors, all investments entail risk and there can be no assurance that any investment strategy will be successful. This information is based on sources believed to be reliable and Alhambra is not responsible for errors, inaccuracies, or omissions of information. For more information contact Alhambra Investment Partners at 1-888-777-0970 or email us at [email protected].

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