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GDP Better than Expected

September 18th, 2017

GDP grew by 2.2% in the 2nd quarter of 2016 compared to an increase of 3.0% in 2017. The average GDP growth rate since 2011 is still hovering around 2%. The good news is reflected in increases in Personal Consumption Spending fueled by a year over year wage growth rate of 3.3%*.


Chart courtesy of Windsor Wealth., and The Bureau of Economic Analysis

 The Institute for Supply Management’s report on manufacturing has the sector for the 99th consecutive month – some selected comments below; emphasis mine.

The Conference Board economic indicators represent changes in the indices:

  Consumer Confidence
  Employment Trends index
  Help Wanted Online
  Leading Economic index
  Measure of CEO Confidence


Our portfolios favor Domestic and Foreign Equities; our cash position has increased slightly in recent weeks.

Carlos Dominguez – Portfolio Manager


*The Atlanta Fed’s Wage Growth Tracker is a measure of the nominal wage growth of individuals. It is constructed using microdata from the Current Population Survey (CPS), and is the median percent change in the hourly wage of individuals observed 12 months apart. Our measure is based on methodology developed by colleagues at the San Francisco Fed.

The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of Carlos Dominguez and not necessarily those of Raymond James.

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