PVG Market In A Minute-March 3, 2025
Patrick Adams, CFA
March 3, 2025
Is this the Trump Recession?
Huge drop in the first quarter GDP estimate from GDP. Now last week from 2.3% to -1.5% to on Monday to -2.8%!!!!! Due to a big drop in net exports from a big jump in imports related to buying before the tariffs hit, and the ISM report regarding the internals. Real Personal Consumption (this is a largest part of the economy) growth fell from 2.3% to 1.3%, now zero.