Bottom line is higher GDP means FED stays higher for longer with all implications to trading.
This story caught my eye earlier and “takes the cake”
(keyword: “urged”)
(Bloomberg) — Energy Secretary Jennifer Granholm urged Jamie Dimon, David Solomon and other top Wall Street brass at a private New York dinner to invest in clean power, according to people familiar with the event.
Granholm invoked President Joe Biden’s signature climate law in making her case to the chairmen of JPMorgan Chase & Co. and Goldman Sachs Group Inc. and more than a dozen other executives, said the people, who requested anonymity to discuss private conversations. Other executives urged to pitch in with additional investment, according to the people familiar with the event, included Philipp Hildebrand, vice chairman of BlackRock Inc.; Centerview Partners LLC co-founder Blair Effron; Dina Powell McCormick, vice chairman of client services at BDT & MSD Partners; and Joseph Bae, co-chief executive officer of KKR & Co.
The Energy Department didn’t respond to a request for comment. The attendees and their firms either didn’t respond or declined to comment. well duhHH