Atlanta Fed model for first quarter 2016 US GDP is still sitting near zero at 0.3% on April 19. Next update 26 April.
https://www.frbatlanta.org/cqer/research/gdpnow.aspx?panel=1
The market rot will set in hard after the Fed releases its own estimate on 28 April 2016 and its monetary policy will start reflecting the dismal result next week. Interesting to see what Yellen will ascribe to the cause of the fall.
The Fed has never been able to telegraph a recession in the US until long after it has well and truly started.
Gold should pop in the next two weeks IMO.
Happy hunting.
Eshmun
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