- While 2021Q2 fell short of Wall Street's consensus, the seasonally-adjusted, annualized, 2021Q2 GDP showed YoY growth of 8.75% over 2020 and even 6.3% over 2019 GDP (ignoring inflation).
- Assuming the Delta Variant does not collapse the economy in the same manner as the Alpha, the quarterly growth the last few quarters appears to signal robust growth.
- The biggest threats to growth are domestic and geopolitical matters, including the debt ceiling, higher corporate and capital gains taxes at home and a looming confrontation with CCP China.
- The mood of the country's political dialogue prohibits finding consensus.
For further details see:
2021 Q2 Fell Short, But Showed Robust Growth Beyond Comps