US Q2 GDP Reaction

• Q2 GDP at 2.8% was stronger than analyst expectations of? 2.0% with business fixed investment especially strong (5.2%) and consumer spending (2.3%) also quite robust
• In contrast, MacroX’s alternative data nowcasts have been accurately suggesting higher growth at 2.4% for the entire quarter in real-time
• Unlike the rollercoaster of Atlanta Fed Nowcast claiming 4%+ growth in May to 1.7% July 1st, MacroX has been much more stable?
• Stability is an underlooked element of nowcasts even as superficial analyses incorrectly focus on ex-post accuracy only. This quarter has been a case study in how MacroX’s growth nowcast is both
• Today's strong GDP numbers adds up to a 3.1% growth over the last 12 months - in line with our growth and in-depth sector nowcasts.

Disclaimer

This communication is provided for information purposes only. It is a sample output from some of our ML/AI models that are in the process of being tuned and generated purely for feedback purposes.

Sources used to generate the outputs include Nickolay A. Krotkov, Lok N. Lamsal, Sergey V. Marchenko, Edward A. Celarier, Eric J.Bucsela, William H. Swartz, Joanna Joiner and the OMI core team (2019), OMI/Aura NO2 Cloud-Screened Total and Tropospheric Column L3 Global Gridded 0.25 degree x 0.25 degree V3, NASA Goddard Space Flight Center, Goddard Earth Sciences Data and Information Services Center (GES DISC), Accessed: [2024-03-29], 10.5067/Aura/OMI/DATA3007, Google Trends (https://www.google.com/trends), lexisnexis (https://www.lexisnexis.com/en-us/professional/research/nexis.page), Trading Economics Data. https://tradingeconomics.com, Indeed Hiring Lab. https://www.hiringlab.org/, Zillow Research data. https://www.zillow.com/research/data/, Numbeo. https://www.numbeo.com/cost-of-living/, Data Source: https://www.newyorkfed.org/ and U.S. Department of Transportation, Bureau of Transportation Statistics, National Transportation Statistics 2000, BTS01-01 (Washington, DC, U.S. Government Printing Office, April 2001).

This communication has been prepared based upon information, including market prices, data and other information, from sources believed to be reliable, but MacroXStudio does not warrant its completeness or accuracy. Any opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice. Past performance is not indicative of future results. This communication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. MacroXStudio does not provide individually tailored investment advice. Any opinions and recommendations herein do not take into account individual client circumstances, objectives, or needs and are not intended as recommendations of particular securities, financial instruments or strategies to particular clients. You must make your own independent decisions regarding any securities, financial instruments or strategies mentioned or related to the information herein. Periodic updates may be provided on companies, issuers or industries based on specific developments or announcements, market conditions or any other publicly available information

This communication may not be redistributed or retransmitted, in whole or in part, or in any form or manner, without the express written consent of MacroXStudio. Any unauthorized use or disclosure is prohibited. Receipt and review of this information constitutes your agreement not to redistribute or retransmit the contents and information contained in this communication without first obtaining express permission from an authorized officer of MacroXStudio