On the latest edition of market Week in Review, Mark Eibel, director, client investment strategies, and Rob Cittadini, senior director, U.S. institutional, discussed second-quarter GDP (gross domestic product), global central-bank dovishness and Q2 earnings season.
U.S. economy still growing at solid pace
The U.S. logged a 2.1% GDP growth rate in the second quarter, Eibel said - slightly higher than consensus expectations of roughly 1.8%. "Simply put, the GDP number had a 2 in front of it - and that's a good thing for markets and the economy," he said. When added to the 3.1%