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US GDP weakest in 26 years, jobless rolls at record high- but not bad news....

Although US GDP and jobless levels have again record record weak levels this was expected...therefore the market is taking the weak data with a pinch of salt and focusing on more forward looking data to asses the future health of the US economy and not assesments of previous quarters...this could be a signal that the market has factored in most of the negativity already....

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