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Welcome to OptionRally news and our weekly market event update.
The big market event this week will be the United States Preliminary GDP.
So what exactly is GDP? Gross Domestic Product is the total value
of goods and services that are produced within a country in a given period of time. The preliminary
report is published every quarter and measures the change in the value of all goods and services
produced by the economy.
In the third quarter the US economy expanded faster than initially reported. GDP climbed
at a 3.6 percent annualized rate, up from an initial estimate of 2.8 percent in the
second quarter. The last report in December indicates that
the US economy expanded by 3.6 percent, this was the third quarter in row of expansion
in the US.
So how does this affect your trading? It is an indicator that measures economic
activity and the primary gauge of the economy's health. Notice that results above 0.0 indicate
expansion of the economy, and below indicate contraction.
Thanks for joining us for the market event of the week, join me for the daily news here
at OptionRally TV and watch for our special market event updates weekly. You can also
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