Q3 GDP Growth Revised Slightly Higher

Yesterday, the High Beta stocks got their vengeance on Low Vol. The market was extremely tilted towards the high-fliers. The High Beta Index gained 4.16% while Low Vol was up only 0.13%. I suppose that’s not a big surprise considering the past five weeks.

Today is much more balanced in early trading. It’s interesting how the S&P 500 has recently bounced off its 100-day moving average.

On our Buy List, shares of Zoetis (ZTS) are up to a new 52-week high. ZTS is now a 45% winner for us. FactSet (FDS) also made a new high.

Also this morning, the government revised Q3 GDP growth up to 2.3%. That’s up from the previous report of 2.1%. Q4 is expected to be much stronger. The Atlanta Fed expects Q4 GDP growth of 7.2%.

Posted by on December 22nd, 2021 at 11:54 am


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