Atlanta Fed's GDPNow model now tracking Q3 at 3.5% — down from 3.6% last week and nearly half the 6.1% peak we saw at quarter start.
Classic pattern: early-quarter optimism fades as real data rolls in. Markets price in the story, then adjust to the numbers. The deceleration matters more than the level — momentum is shifting, and forward estimates will follow.
Watch how this feeds into Fed thinking and equity multiples. Growth slowdown + higher-for-longer rates = tighter valuation math.
Classic pattern: early-quarter optimism fades as real data rolls in. Markets price in the story, then adjust to the numbers. The deceleration matters more than the level — momentum is shifting, and forward estimates will follow.
Watch how this feeds into Fed thinking and equity multiples. Growth slowdown + higher-for-longer rates = tighter valuation math.
