Weekly Outlook:  Low GDP Expected


May begins this week, and with it comes a couple of key indicators on Friday – April motor vehicle sales and the Purchasing Managers’ Manufacturing Index, which will give an advance view of what we should expect in terms of exports for May.  Both will be underscored by the fact that they’re released two days after initial Q1 U.S. GDP numbers, which are expected to be low.


Economic Calendar 


FOMC Meeting Begins 8:00 AM ET

Crop Progress 4:00 PM ET



Bank Reserve Settlement 8:00 AM ET

GDP 8:30 AM ET



Federal Reserve Gov. Daniel Tarullo speech 8:30 AM ET

U.S. Chicago PMI 9:45 AM ET

Farm Prices 4:00 PM ET

Dairy Product Sales 4:00 PM ET



Motor Vehicle Sales

PMI Manufacturing Index 9:45 AM ET



There’s evidence of strong U.S. GDP this year (Quartz)

Don’t pay attention to first quarter economic slumps (New York Times)

China’s central bank may be adopting some unconventional policies (Bloomberg)

Expensive stocks are that way for a reason (The Reformed Broker)

Why so many labor force dropouts? (Bloomberg)

Spain’s growth target grows (Wall Street Journal)

The importance of “self-awareness” for traders and investors (Forbes)

China and the prospects for unconventional monetary policy (Financial Times)

Two billionaires have different ideas about where oil is headed (Market Anthropology)

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