For reference purposes, below is a chart from Doug Short’s “Q2 GDP Advance Estimate: A Major Downside Surprise” post of July 29, 2016, depicting Real GDP, with a trendline, as depicted. This chart reflects the Gross Domestic Product Q2 2016 Advance Estimate (pdf) of July 29, 2016:
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The Special Note summarizes my overall thoughts about our economic situation
SPX at 2172.89 as this post is written