For reference purposes, below is a chart from the Advisor Perspectives’ post of July 28, 2022 titled “Q2 GDP Advance Estimate: Real GDP at -.9%, Worse Than Forecast” reflecting Real GDP, with a trendline, as depicted. This chart incorporates the Gross Domestic Product, Second Quarter 2022 (Advance Estimate) of July 28, 2022:
I post various indicators and indices because I believe they should be carefully monitored. However, as those familiar with this site are aware, I do not necessarily agree with what they depict or imply.
The Special Note summarizes my overall thoughts about our economic situation
SPX at 4023.61 as this post is written