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Ahead Fri's GDP (4.5% est),.........>

US DATA PREVIEW
US DATA PREVIEW: Ahead Fri's GDP (4.5% est), Nomura expects "robust Q2 real GDP
growth of 4.6% q-o-q saar...mostly driven by solid contributions from personal
consumption, nonresidential fixed investment, and government consumption." Note,
Fox Business aired Sunday that Pres Trump (a budding economist?) "told an
associate he expects 2Q GDP to rise to as much as 4.8%"! Reminder, Pres Trump
roiled markets back in early June when he tweeted he was "looking forward to
seeing the employment numbers" prior to their release.

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