US stocks wipe out steep losses that followed Trump’s ‘liberation day’

[Marener]

I've posted it..like 3 times

Gross Domestic Product, Second Quarter 2022 (Advance Estimate) | U.S. Bureau of Economic Analysis (BEA)

Real gross domestic product (GDP) decreased at an annual rate of 0.9 percent in the second quarter of 2022 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 1.6 percent. The GDP estimate released today is based on...

www.bea.gov

That's #4

Did you read the link?

 

[ThisIsMe]

Did you read the link?

Yep, says the information has been superceded...but then doesnt list what those changes were.

I've looked at various reports that all say the same thing. GDP in q1 and q2 of 2022 fell or contracted.

If you have a link that shows that gdp grew in those two quarters, I'd like to read it. I'm not seeing anything like that

 

[Marener]

Yep, says the information has been superceded...but then doesnt list what those changes were.

I've looked at various reports that all say the same thing. GDP in q1 and q2 of 2022 fell or contracted.

If you have a link that shows that gdp grew in those two quarters, I'd like to read it. I'm not seeing anything like that

Great. So you know the data is out of date and are not clever enough to use the website to find more up to date information.

Is that accurate?

 

[ThisIsMe]

Great. So you know the data is out of date and are not clever enough to use the website to find more up to date information.

Is that accurate?

apparently not. Why don't you be a good chap and show me the error of my ways......

 

[Marener]

apparently not. Why don't you be a good chap and show me the error of my ways......

Already did.

They aren’t.

BEA Interactive Data Application

 

[ThisIsMe]

Already did.

Again, you're showing me the % increase from the previous quarter, but what are the ACTUAL gdp numbers?


Ok.ill show you what I came up with any why those numbers don't make sense...

BEA Interactive Data Application

Look at those numbers for q1 and q2 of 2022 also look at the number for q4 of 2021.

From q4 2021 to q1 2022, it shows positive gdp, and again from q1 to q2 2022 it shows positive gdp again, of almost 1% each time, but in your percent of preceding gdp, it shows -1% for q1 2022 and +.3% for q2 2022.

That doesn't make any sense.

Also missing is any explanation of how they "revised" those numbers. When did they revise those estimates?

Every website I've looked at STILL shows recession numbers, even the BEA. If they revised upward, why haven't they updated their charts?


From what I can gather, BEA didnt revise those numbers until 2024...why 2 years after?

We're they trying to cover for biden?

 

[Marener]

From q4 2021 to q1 2022, it shows positive gdp, and again from q1 to q2 2022 it shows positive gdp again, of almost 1% each time, but in your percent of preceding gdp, it shows -1% for q1 2022 and +.3% for q2 2022.

That doesn't make any sense.

GDP growth is reported on a "real" basis. Your GDP numbers are reported on a "nominal" basis.

From what I can gather, BEA didnt revise those numbers until 2024...why 2 years after?

We're they trying to cover for biden?

Covering for Biden is a weird accusation given they revised the numbers years later and no one noticed.

Every website I've looked at STILL shows recession numbers, even the BEA. If they revised upward, why haven't they updated their charts?

They did revise their charts. That's the link I provided to you.

 

[ThisIsMe]

GDP growth is reported on a "real" basis. Your GDP numbers are reported on a "nominal" basis.

I'm using the same information you are. It says GDP. I don't see any indicator of real or nominal.

Covering for Biden is a weird accusation given they revised the numbers years later and no one noticed.

still, why did they wait so long to revise it? Normally, don't they make all of their revisions within a few months after the initial release?

They did revise their charts. That's the link I provided to you.

And their %s don't make sense.

 

[g5000]

US stocks rallied on Friday, wiping out steep losses following Donald Trump’s “liberation day” announcement of steep tariffs a month ago, after data on the labor market exceeded expectations.

The 177,000 jobs added in April, according to the Bureau of Labor Statistics, surpassed the 135,000 predicted by economists polled by Bloomberg.

The S&P 500 jumped as much as 1.2 per cent after Friday’s market open, bringing it above the closing level from April 2, when Trump unveiled his so-called “reciprocal tariffs”.

Wall Street’s benchmark share index had plunged as much as 15 per cent in several days of turbulent trading following the US president’s announcement, triggering tumult across global financial markets.

But global equities have since largely recovered, helped by signs of a possible thaw in trade tensions, including comments by China’s commerce ministry on Friday that Washington had recently expressed “a desire to engage in discussions” on the issue.

“This rally seems to be on the expectation that — with regards to tariffs — the worst has passed,” said Ajay Rajadhyaksha, global chair of research at Barclays.

Read More at -

Client Challenge

BJ -
Shockingly this is not the narrative being reported by the Democrat Media Bubble Cult.
Poor Dems - another narrative bites the dust.

Looks like you prematurely ejaculated on your face.

The Dow is now 3000 points below Inauguration Day.

The unemployment rate for April is higher than April 2024.

 

[Captain Caveman]

Couldn't give a crap about stocks and shares.

 

[Blisterfinger]

I’m upset people want to give an arsonist credit for putting out a fire.

Similar to putting people out of work, then letting them go back and calling it job creation huh?