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🔮You Heard It Here First: Hot GDP Print in Q2🔥
Q2 GDP came in at 3% on the first read.
This was significantly higher than the ~2% estimate by economists. (via FactSet)
@chamath on May 31st:
"What you're probably going to see in Q2 is a really hot GDP print."
"If I'm a betting man, which I am, I think the GDP print's gonna come in above three."
"Not quite four, but above three."
@chamath on June 13th:
" I said a couple weeks ago that I thought the GDP print was going to come in hot."
"I think everybody now is sort of where I am."
"I think it's gonna be in the low to mid threes."
"It's going to be meaningfully greater than what people are expecting."
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