Andrei Jikh: a call with no clear direction

The window it was checked over

Real GDP: U.S. Bureau of Economic Analysis via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

What was said around it

is why on may 26th which has already happened we got our second estimate for that first quarter and in that new document they basically said guys never mind we're not down 1.4 actually it's a little worse than we thought we're down 1.5 so this scared investors even more and they sold off a little bit more that's how it works now on june 29th we're gonna get our third gdp estimate for that first quarter now in that document it could tell us that the gdp is even worse which means the market will sell off even more it could stay the same or it could improve but chances are it's still going to stay negative now june 29th will not tell us whether we're in a recession or not but here's exactly when we'll find out that'll be at 8 30 a.m on july 28th that's when the bea will release their second quarter advance estimate and it's at that point we'll have judgment day so let's cross our fingers and hope that we don't get a negative gdp because if that's the case first quarter was negative and if second quarter's negative that's the recession and that's when the media will start telling us about it so hopefully that answers cardi b's question so if you want to help my channel just tweet this video

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