What goes up, Must come down, unless you’re a Flat Earther.

But seriously, Gross Domestic Product – GDP estimates are released by the Atlanta Fed weekly. They just revised their Q2 estimate from 3% to 1.7%. May not seem that much, but its the equivalent $400 Billion adjustment down.

More signs of a slowing economy, with a lean towards rate cuts.

Job Openings and Labor Turnover Survey – JOLTS as I mentioned yesterday came in as expected at 8.1M. this is the lowest level of job openings since February 2021.

Home Values are still on the rise but holding steady at 4.9% increase year over year.


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