017: First Quarter GDP Report 06-29-23
How would you like to peel back the layers of the recent GDP report for the first quarter? Prepare to dig deeper as Megan Horneman, Verdence Capital Advisors’ Chief Investment Officer, reveals the critical factors behind the surprisingly positive outcome. She’ll guide you through the equity markets’ upbeat reaction and explain how an uptick in exports and personal consumption have played a starring role. But don’t be fooled, this report is essentially backward-looking, and Megan is here to clear the fog.
Megan alerts us to less obvious details in the report that may not bode as well for the future as it seems. She’ll explore the weakening service sector and capex spending, both of which were vital contributors to the first quarter’s success, but can they hold up under scrutiny? Despite the rosy first quarter figures, she gives us a reality check about the less than promising outlook for the second quarter data. So, if you’re eager to decode the complexity of GDP reports and what they could mean for the future, this episode is your gateway.
