29.08.2016 - The fall on the US market has become more likely
On Friday in the United States was published a preliminary report on GDP growth in the second quarter. Thus, the figure was 1.1%, in line with expectations, but it was 0.1% less than the previous estimate. It is worth noting that in the first quarter it grew by 0.8%. Growth in consumer spending helped to offset a decline in housing construction. It should be noted that the labor market shows stable growth, which increases the probability of monetary tightening this year. This step will negatively affect the US stock indexes. We expect the beginning of a correction by 10-15% in the near future.