GDP Chart 2010 – Continuing Decline

Any GDP chart for 2010 will show a continuing decline in US growth. This chart below is from BEA.gov. Today’s first key event is the second release of second-quarter U.S. gross domestic product and everyone is bracing for a big downward revision of the 2.4% growth estimated in the first release.

Now this doesn’t mean that if we get the big revision lower that the markets will fall – on the contrary the markets could rise since it’s exactly what everyone is expecting. The futures have already priced in a major revisions so anything less could send us much higher this Friday.

As always, don’t THINK – REACT!