{"id":91357,"date":"2023-07-31T17:31:05","date_gmt":"2023-07-31T17:31:05","guid":{"rendered":"https:\/\/funds.palos.ca\/issue-26-a-big-week-that-told-us-nothing-we-did-not-already-know\/"},"modified":"2023-07-31T17:31:36","modified_gmt":"2023-07-31T17:31:36","slug":"issue-26-a-big-week-that-told-us-nothing-we-did-not-already-know","status":"publish","type":"post","link":"https:\/\/funds.palos.ca\/fr\/issue-26-a-big-week-that-told-us-nothing-we-did-not-already-know\/","title":{"rendered":"Issue 26: A Big Week That Told Us Nothing We Did Not Already Know"},"content":{"rendered":"<p>What the past week revealed was already known. Growth is strong but weakening; inflation is elevated but moderating; the cost of money is high, but slowing; and corporate profits are<br \/>\ntenacious. In the quarter ended June 2023,the BEA reported that nominal GDP had risen at an annualized rate of 4.6%, with growth at 2.4% and inflation at 2.2%. Meanwhile, the widely<br \/>\nacclaimed personal consumption expenditures index (PCE) index rose 0.2% in June, registering a year-over-year increase of 3.0% and an annualized rate of 2.1% for the last 4 months. Broadly<br \/>\nspeaking, the economy seems to have returned to what was once considered normal before the pandemic: 2% for growth and 2% for inflation. Concurrently, reported earnings by more than<br \/>\n150 S&amp;P 500 companies proved to be better than expected, while giant tech companies showed that they were still doing well, matching the hype and still going concerns. The Atlanta Fed\u2019s initial estimate for GDP growth in Q3 is 3.5%. WOW!<\/p>\n<p>Follow us on: <a href=\"https:\/\/www.linkedin.com\/company\/palos-management-inc.\/\"><strong>LinkedIn<\/strong><\/a><\/p>\n<p><span style=\"color: #000000;\">By Hubert Marleau<\/span><\/p>\n<p><strong><span style=\"color: #000080;\"><a style=\"color: #000080;\" href=\"https:\/\/funds.palos.ca\/wp-content\/uploads\/2023\/07\/Macro_View_073123.pdf\">Continue Reading in PDF<\/a><\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What the past week revealed was already known. Growth is strong but weakening; inflation is elevated but moderating; the cost of money is high, but slowing; and corporate profits are tenacious. In the quarter ended June 2023,the BEA reported that nominal GDP had risen at an annualized rate of 4.6%, with growth at 2.4% and &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/funds.palos.ca\/fr\/issue-26-a-big-week-that-told-us-nothing-we-did-not-already-know\/\"> <span class=\"screen-reader-text\">Issue 26: A Big Week That Told Us Nothing We Did Not Already Know<\/span> Lire la suite\u00a0\u00bb<\/a><\/p>\n","protected":false},"author":1,"featured_media":91353,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[31],"tags":[],"_links":{"self":[{"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/posts\/91357"}],"collection":[{"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/comments?post=91357"}],"version-history":[{"count":0,"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/posts\/91357\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/media\/91353"}],"wp:attachment":[{"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/media?parent=91357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/categories?post=91357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/tags?post=91357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}