Two quick thoughts ahead of today’s US third quarter GDP report

The advance report on Q3 due at 1230 GMT
The consensus is for a reading of +2.6%, annualized with a 2.1% rise in personal consumption.
1)
There is a positive bias in the numbers because of the strong shipments numbers in the September durable goods orders data. They were up 0.7% compared to +0.1% expected. Those numbers came

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