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MICHELLE MEYER: GDP Was 'Grossly Distorted', And You Should Fade The Headline

Wall Street's take on today's GDP report is very much in line with ours: The number was good, it was the headline that was weird and misleading. BofA's Michelle Meyer's take? The GDP report was a 'grossly distorted print'. She recommends fading the report, meaning, bet against the prevailing take. Fade the negative GDP headline GDP contracted 0.1% in Q4, significantly below expectations.
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