QE continues pulling fwd gains in stocks as a massive economic rebound is being priced in — the only issue: if the rebound doesn’t materialize – the Fed has created a blowoff top

 

 

GDPNow Latest forecast: 1.8 percent, January 16, 2020

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2019 is 1.8 percent on January 16, down from 2.3 percent on January 10.