MARKET DAILY

Market 08/29: GDP Strongly Revised Upward

Consumption up, inflation down, NVDA reports massive earnings - All macro risks gone?

Steve Le
Steve Le

Key highlights:

  • Q2 GDP unexpectedly strongly revised upward

  • Initial jobless claims do not indicate recession

  • Pending home sales at historic low

  • NVDA: Massive earnings, $50B share buyback

  • Salesforce: Continuing to age and slow growth

  • Dollar General: Deepest in history

  • Market: Macro risks disappear

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