GDP in 2Q will be >2% (FactSet consensus is +2.9%)
That being said it’s stupid to say that “sluggish growth” = “sturdier”...
Also housing is a bell-weather for the economy but as a portion of GDP it’s ~ 17% (~5% construction + ~12% housing services)
Prior to the numbers being released first quarter, the talking heads all said it would be slight growth.
I’m betting on <2%, and I’m betting on the adjustments having it end up at .5% or so. I don’t see growth (gut feel), and I think ObamaCare is still causing a huge hesitancy.