Tag Archives: GDP Report
Even the greatest boxers feel it, after a couple of tough rounds in the ring. You’ve been pummeled so many times, in so many places, that the world seems a blur. Stock investors, too, are reeling right now. Despite a fairly upbeat season for corporate earnings, we’ve had enough disappointing economic news (such as today’s lackluster GDP report) to give sellers an excuse to dump equities.
It looks as if this morning’s GDP report will start the markets off on a weak note. Anything can happen later in the day, of course, but it’s clear that stocks are still feeling pressure from rising bond yields. If you’re in the leveraged ProFunds, make sure you observe the stop I gave you on Tuesday’s posting.