Funniest part about the report..... "Exports rose 3.7% in the first quarter, while imports decreased by 3.7%." The only thing that can derail the stock market at this point is a Bernie Nomination. US economy grows by 3.2% in the first quarter, topping expectations The U.S. economy grew at a faster pace than expected in the first quarter and posted its best growth to start a year in four years. First-quarter gross domestic product expanded by 3.2%, the Bureau of Economic Analysis said Friday in its initial read of the economy for that period. Economists polled by Dow Jones expected growth of 2.5%. It was the first time since 2015 that first-quarter GDP topped 3%. “The upside beat was helped by net trade (exports jumped while imports contracted sharply) and inventories which combined contributed almost 170 bps of the rise,” wrote Peter Boockvar, chief investment officer at Bleakley Advisory Group. “Personal spending though, the biggest component was up just 1.2%, two tenths more than expected as an increase in spending on services and nondurable goods offset a decline in spending on durable goods.” Exports rose 3.7% in the first quarter, while imports decreased by 3.7%. Economic growth also got a lift from strong investments in intellectual property products. Those investments expanded by 8.6%. Disposable personal income increased by 3%, while prices increased by 1.3% when excluding food and energy. Overall prices climbed by 0.8% in the first quarter. https://www.cnbc.com/2019/04/26/gdp-q1-2019-first-read.html
Not sure why hits to the left . Longest expansion up to date was 1991-2001. Current expansion started in 2009 and will Best the previous one sometime mid this year. 8 Year was under Obama and 2 under Trump. Yes, Trump tax cuts gave it another leg no doubt. The scary part this whole expasion is heavily influenced by debt. Some companies borrow and use the funds to buy back shares, plus all QEs. I hope good times keep on rolling, cause if they do not, it will be the biggest collapse anyone alive ever saw, and if it happens on Trump watch, it will be a long time before we will see another GOP President.