Weak GDP in Q1

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Welcome to The Observatory. The Observatory is how we at Prometheus monitor the evolution of both the economy and financial markets in real-time. Here are the top developments that stand out to us:

  1. Markets Q1 GDP data contracted on a QoQ basis and slowed on a YoY basis. Data disappointed expectations majorly, and according to our cyclical estimates Q2 will be worse:
  2. Kansas Fed Manufacturing Survey showed a deceleration versus the previous print.
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