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Our Fully Adjusted Return (TM) models predict GDP will be 2.1%.

According to the Washington Post, "forecasters estimate that the U.S. economy grew at a 1.9 percent annual rate during the third quarter, from July through September..GDP is the broadest measure of the nation’s economic activity, aiming to capture the value of goods and services produced in the United States during a given time period." GDP will be released on Friday at 8:30am.

Our Fully Adjusted Return (TM) models predict GDP will be 2.1%. Consumer spending will drive most of the growth. Housing has recovered, adding additional strength to the economy. Government spending and business investment will lag, but will be higher than expected.