The Atlanta Fed GDPNow growth estimate was raised to 3% today from 2.5%.
Now Goldman is also raising its estimate but only by 0.3% from the same 2.5%. They now see growth for Q3 at 2.8%.
2.8% or 3% and S&P/Dow at new record level, 50 basis points seems a stretch?
Meanwhile the 10 year yields made a new low for the run lower today down to 3.599%. That is the lowest level since Early June 2023.