by Calculated Risk on 7/25/2019 07:26:00 PM

From Merrill Lynch today:

"On balance, this morning's data resulted in a net drag of 0.4pp on 2Q GDP tracking and brought our estimate down to 1.9% qoq saar from 2.3%."

Friday:
• At 8:30 AM ET, Gross Domestic Product, 2nd quarter 2019 (advance estimate), and annual update. The consensus is that real GDP increased 1.9% annualized in Q2, down from 3.1% in Q1.