Blistering GDP and ISM Manufacturing Reports


From the looks of the latest GDP and ISM Manufacturing reports, you’d be a fool not to believe the economy is in a V-shaped recovery.

On Friday, The Commerce Department reported that 4th quarter advanced real GDP grew at a 5.7% annual rate.  That’s up from a 2.2% increase in the 3rd quarter.

This morning, The Insitute for Supply Management reported that their manufacturing survey for January came it at a 5 1/2 year high of 58.4.

Can we believe them?  What are these numbers actually measuring?  Why isn’t the market responding better to these blistering economic reports?


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