This Morning’s Economic Data Adds to “Tipping Point” Concerns
Gross Domestic Product (GDP) figures were released this morning. They were very weak, especially the revision to first quarter growth. We mentioned in our previous post that “we need to see improvement in both the fundamentals and the technicals over the coming weeks,” which is not what we got this morning. We are looking at the risk profile of all our accounts today. We may make some adjustments defensively given the weak data that was reported at 8:30 am. Our comments about the debt talks are in the post below.

