Dan Steinhart Managing Editor of The Casey Report

center_img That’s It for This Week Before I sign off, I note that Q1 GDP growth just suffered a crushing downward revision to -1.0%, pushing the US economy into contraction for the first time since 2011. In other words, we’re halfway to a recession. But don’t tell that to the stock market, which touched another all-time high on Thursday morning. That glaring disconnect—combined with the multiyear lows we’re seeing in volatility—should have anyone who’s paying attention concerned. Especially when you consider what happened the last time volatility was this low… This Is in German, but No Subtitles Are Needed… A daughter is visiting her father. She asks, “Tell me, Dad, how are you managing with the new iPad we gave you for your birthday?”last_img

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