The Atlanta fed estimate of Q1 GDP is looking distinctly average:
This appears to be driven mostly by increased inventory, but looking through Q1 to Q2 and the outlook looks a lot better. Economy at close to full employment, unit labour costs running at a 3% yoy clip, solid consumer spending, strong home sales, improvements in freight volumes etc.
Most commentators are looking though this Q1 slowdown and in to a pretty solid Q2. But in the meantime, this goods be a good time for interest rate sensitive stocks like utilities and real estate.,