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You’ve seen a huge drop in the Atlanta Fed’s GDP nowcasting tool, but it’s important to note that in economists’ forecasts, even though they’ve dropped, they’re still optimistic at 5%. Before every recession, you always see a sustained drop of consumer sentiment or confidence. But when you’re in the middle of a new expansion and you see a large drop of confidence, it’s actually usually a buying opportunity.
...read full article on Seeking Alpha
