Last week, the first quarter GDP was reported, and as we expected, it came in much below expectations, up only .2%, with the consensus at 1%. We really like the Federal Reserve Bank of Atlanta’s website and analysis. Their model seems very accurate. They were dead on with their first quarter GDP forecast. You can see below the average economist is expecting a pickup in GDP growth to about 3.25% in the second quarter. It makes sense to see a rise in GDP, but the Atlanta Fed model is expecting .8%, this would be disappointing, and would likely see more pressure on earnings.

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Market in a Minute 2015-5-15