Some data today:
- First quarter GDP shrank -0.3%, after 2.4%, 3.1%, and 3% growth.
- Consumer spending increased 0.7%, attributed to car purchases to avoid higher prices and shortages due to tariffs later. Logically, one would assume that this evens out with a decrease in the future.
Meanwhile, while we have to sit and wait with the expectation of rampant incoming inflation, the ECB will be looking to cut rates as they've brought their inflation rate down to target and while Germany (0.2%), Italy (0.3%), and France (0.1%) saw their GDP rise. The EU as a whole expanded 0.4%.
I'm a little tired of winning, can we go back to the losing days when we weren't outperformed by the Europe?