Tin foil hat on
Announced this morning at 8:30
Q1 Real GDP - Consensus -3.7% Actual -4.8%
Q1 Real Consumer Spending - Consensus -1.5% Actual -7.6%
If I'm reading this correctly this is far worse than expected.
Then right around the same time Gilead announces it is aware of “positive data” from one of its studies looking at antiviral drug remdesivir as a potential treatment for the coronavirus.
https://www.cnbc.com/2020/04/29/gil...ata-on-remdesivir-coronavirus-drug-trial.html
Of course futures responded very positively - I guess on the Gilead's news. I just find it very odd these were announced concurrently.
Tin foil hat off
Am I missing something here?
Any comments?
Announced this morning at 8:30
Q1 Real GDP - Consensus -3.7% Actual -4.8%
Q1 Real Consumer Spending - Consensus -1.5% Actual -7.6%
If I'm reading this correctly this is far worse than expected.
Then right around the same time Gilead announces it is aware of “positive data” from one of its studies looking at antiviral drug remdesivir as a potential treatment for the coronavirus.
https://www.cnbc.com/2020/04/29/gil...ata-on-remdesivir-coronavirus-drug-trial.html
Of course futures responded very positively - I guess on the Gilead's news. I just find it very odd these were announced concurrently.
Tin foil hat off
Am I missing something here?
Any comments?