Tim Holland, CFA, Senior Vice President, Global Investment Strategist
On this week’s podcast (recorded July 30, 2018),
Tim discusses why the underlying components of the GDP growth report were most encouraging and speaks to why the US economy should continue to perform well into 2019.
- During Q2 the US savings rate was a very healthy 6.8%, this should keep the US consumer on firm financial footing, a key development when one considers the US economy is 70% consumer driven.
- Both housing and inventories detracted from economic growth during Q2.
- Nonresidential fixed investment – which is another way of saying spending by corporate America – increased a very healthy 7.3% during Q2, after rising an even stronger 11.5% in Q1.
For Tim’s full insights, click here to listen to the audio recording.
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