Looking for deeper insight on global markets and economics? Tonight in The Closer we compare and contrast a new GDP tracking estimate created by the NY Fed with the existing Atlanta Fed GDPNow. We examine methodology and reliability of both trackers, and the issues with any kind of GDP tracking. We also review this month’s report on the federal government budget deficit and chart the rolling beta of the S&P 500 to various other asset classes over the past 8 years.
The Closer also includes its standard charts, large volume and price movers in the US equity market, and Bespoke’s Market Timing Model. The Closer is one of our most popular reports, and you can sign up for a trial below to see it free for the next two weeks!