Q1 GDP slightly revised up but still lowest in 2 years
Q1 GDP adjusted down +1.4% (QoQ figure converted to Y/Y growth - annualized), previously 3.4%,
slightly up from initial estimate 1.3% but still lowest since June 2022.
MARKET DAILY
Market 06/27: Q1 GDP continues to be revised confirming slowing consumer trend
Economy shows signs of slowing via production - orders index. Positive T-bond auction week. Pending home sales down. ER: Walgreens, Micron, Levi's.
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