The US Q2 GDP number is wrong according to Jerome Powell. Federal Reserve Chairman Jerome Powell says this time might be different. The markets rose as expected on Wednesday on his comments, but how will the market react to USA GDP for Q2? If GDP is negative in Q2, does that mean we’re in a recession? And if not, why aren’t we in a recession? Get ready for a possible stock market crash from two quarters of negative GDP on Thursday, and get ready for another possibly downturn Friday as earnings season continues with Apple earnings and Amazon earnings.
