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January 25, 2019 | GDPNow and Nowcast 4th-Quarter GDP Estimates Near Convergence: 2.7% vs. 2.6%

Mike 'Mish' Shedlock

Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.
The GDPNow and Nowcast reports are near convergence with surprisingly little volatility and spread vs past history.

GDPNow vs Nowcast

Data Sources

Last quarter we saw gaps of 2 percentage points between GDPNow and Nowcast. The spread is now 0.1 percentage point.

One potential problems with both reports is lack of economic data. Thanks to the government shutdown, workers did not produces dozens of reports. Today, the New Home Sales report was skipped for the second month.

Mike “Mish” Shedlock

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January 25th, 2019

Posted In: Mish Talk

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