The economy is now in VERY serious trouble.
The Fed’s own GDP models now show 1Q17 growth tracking at just 0.5%. This is DOWN from an original forecast of 3.2% in February. Put another way, the economy has begun contracting at a RAPID pace.
Moreover, we are getting numerous signals that the US consumer, the single largest driver of the economy, is not spending.
According to Reuters US consumer spending FELL for a second straight month in March. Moreover, the Fed’s internal models show that 1Q17 consumer spending is clocking in at a “barely alive” rate of 0.3%.
Why does this matter?
The Fed managed to “paper over” the weakest recovery in 80 years with massive QE programs. As a result of this, for the last seven years, weak economic fundamentals have been largely “ignored” by stocks.
However, the Fed STOPPED QE back in October 2014. Which means stocks are due for a “wake up call” as they begin to “wake up” to the TRUE state of the US economy.
This is a major warning to stock investors to be extra careful. Now more than ever is a time to be nimble and preparing to make money from a market “event.”
If you need help doing this, I strongly urge you to try out our weekly market advisory, Private Wealth Advisory.
Private Wealth Advisory uses stocks and ETFs to help individual investors profit from the markets.
Does it work?
Over the last two years, we’ve maintained a success rate of 85%, meaning we’ve made money on more than EIGHT out of every ten trades we make.
Yes, this includes all losers and every trade we make. If you followed our investment recommendations, you’d have beaten the market by a MASSIVE margin.
Today, if you’d like to join us, you better move fast…
… because tonight at midnight, we are closing the doors on our offer to try Private Wealth Advisory for 30 days for just $0.98.
This is it… no more extensions… no more openings.
To lock in one of the remaining slots…
Best Regards
Graham Summers
Chief Market Strategist
Phoenix Capital Research
