For reference purposes, below is a chart from Doug Short’s “Q1 GDP Advance Estimate: Real GDP Drops to .7 percent, Disappoints Forecast” post of April 28, 2017, depicting Real GDP, with a trendline, as depicted. This chart reflects the Gross Domestic Product Q1 2017 Advance Estimate (pdf) of April 28, 2017:
I post various indicators and indices because I believe they should be carefully monitored. However, as those familiar with this site are aware, I do not necessarily agree with what they depict or imply.
The Special Note summarizes my overall thoughts about our economic situation
SPX at 2387.90 as this post is written