Bad economic news means that the Fed QE could keep going and going! GDP for the first quarter drops to 1.8%. The stock market rallies, but on light volume.
I think it's just end of month and end of quarter stuff, rallying after being quite oversold. The summer correction is on. IMHO.
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U.S. First-Quarter Growth Drops to 1.8%
FOX BUSINESS | JUNE 26, 2013
http://pulse.me/s/rPL0KFufe
U.S. economic growth was more tepid than previously estimated in the first quarter, held back by a moderate pace of consumer spending, weak business i... Read more
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Sent via Pulse
U.S. First-Quarter Growth Drops to 1.8%
FOX BUSINESS | JUNE 26, 2013
http://pulse.me/s/rPL0KFufe
U.S. economic growth was more tepid than previously estimated in the first quarter, held back by a moderate pace of consumer spending, weak business i... Read more
--
Sent via Pulse
