According to this week’s Commerce Department report, U.S. gross domestic product (GDP) increased at an annualized rate of 1.1% during Q1 2023. The experts thought GDP would grow by 2%. They were wrong.
By now, it’s very well possible GDP has already slipped into reverse. We won’t know until the Commerce Department’s Q2 report is released in late July. In the interim, there’s an important question to be asked:
Is a recession bullish or bearish for stocks?
This post appeared first on Money & Markets, LLC.