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28Apr2016 Pre-Market Commentary: Futures Down Fractionally, WTI Crude Testing Mid 45′s, US Dollar Trading Sideways Above Support, US GDP Annualized Rate Down
Thursday, April 28, 2016 6:09
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Written by Gary
US stock future indexes are fractionally lower with SPY down 0.6%. As of today the bull market that has been mocked as fake, doomed and history’s most-hated just earned a new title: the second-longest ever. That is the good news. The bad news is the U.S. economic growth has likely stalled in the first quarter as domestic demand cooled and a strong dollar continued to undercut exports.
The first reading on first-quarter gross domestic product showed the U.S. economy grew at an annualized pace of 0.5%, down from the fourth-quarter’s final reading of 1.4%
Source: http://econintersect.com/pages/market/market.php?post=201604280748
