About that pull forward…again

Behind the 0.3% contraction in GDP [in Q1] were numbers economists called “extreme” and “weird.”

businesses hastily moved to get ahead of new levies and bring goods into the US.

2.2 percentage points of that investment gain was due to companies boosting their inventories to beat tariffs. Consumers, meanwhile, spent on big ticket items like cars, motivated by the same forces.

This was before all the April Liberation Day related shenanigans too.

The theme of Q1: buy and hold.

How much spending potential is left?

via The Daily Upside