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Barry Ritholtz

GDP Growth Shows How Little Things Have Changed

There are three overarching issues worth remembering after last week’s economic report.

Don’t overdo it.

Don’t overdo it.

Photographer: Andrew Harrer/Bloomberg

The second-quarter gross domestic product data released Friday showed a robust 4.1 percent increase. It wasn’t “historic,” as President Donald Trump proclaimed, but it was undoubtedly solid. With midterm elections a little more than three months away, it is no surprise the release became fodder in our endless national political debate. Lots of misinformation and questionable claims were proffered.

But let’s set aside partisan political gaming of the report and try to focus on what the number means for investors. Perhaps we may even uncover clues to watch for in future data releases.