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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (48259)	7/31/2002 9:12:26 AM
From: Paul Shread	Read Replies (2) of 209892

If you want a laugh, check out Briefing's spin: 08:30 ET GDP +1.1%; downward revisions to Q1 and 2001; weaker than expected report : GDP rose 1.1% in Q2, weaker than the 2.3% consensus; final sales fell 0.1%, indicating that all of the Q2 growth came from inventory rebuilding. Q1 was revised down to 5.0% from 6.1% and 2001 was revised to 0.3% from 1.2%. This report is consistent with our view that a sluggish recovery is still underway, but this could be a disappointment to the market today. S&P futures were up 6 before the number, now up 1.5.

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