MARKET DAILY

Market 08/29: GDP Strongly Revised Upward

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

Published on August 29, 2024

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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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