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GDP In Charts – Too Hot to Handle?

January 29, 2010 1:43 pm

GDP was surprisingly hot on the announcement today, coming in at5.7% vs the expected 4.7%. We heard some whispers that Goldman (GS) had been predicting a high number last week and by golly they were right!

Immediately the dollar gained ground and the markets shot up…. for a moment. There is still a great deal of concern surrounding Greece and Iceland along with a rate hike that will be on the heels of this report.

4th Quarter GDP was announced:

* Q4 GDP Q/Q- advance +5.7% vs +4.7% consensus, Q3 +2.2%
* Q4 Personal Consumption- advance +2.0% vs +1.8% consensus, Q3 +2.8%
* Q4 Core PCE Q/Q- advance +1.4% vs +1.3% consensus, Q3 +1.2%
* Q4 GDP Price Index- advance +0.6% vs +1.3% consensus, Q3 +0.4%
* Q4 Employment Cost Index +0.5% vs +0.4% consensus, Q3 +0.4%
* Inventories accounted for +3.4% of US GDP

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Written by Andrew Horowitz · Category(s) Economy, Markets    |  Tags: •   

3 Responses to “GDP In Charts – Too Hot to Handle?”

  1. Vic Capron on January 30th, 2010 4:29 am

    Andrew, could you explain on your next Podcast how economies as small as Iceland and Greece is causing such turmoil in our US markets? I would think the uncertainty would lead foreign investors to dump money into our markets and into US stocks. Mr. Market is over reacting, no?

  2. Andrew Horowitz on January 30th, 2010 12:15 pm

    Will do

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