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SPXT - U.S. Growth For Q3 Estimate Continues To Ease
ProShares S&P 500 Ex-Technology
The US economy remains on track to post a strong increase in output for the third quarter, but the current estimate reflects an ongoing deceleration from previous nowcasts.
The current nowcast for Q3 is also well below the second quarter’s 6.6% increase.
The good news: Q3 is nearly over and so the window for further damage to economic data in the current quarter is closing fast.