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What might strong US GDP data mean for equities?

With the FOMC almost certain to leave interest rates on hold later today, the event which is perhaps more likely to move US markets this week could be the advance (first) estimate for Q3 GDP, scheduled for release on Thursday. Whereas stronger-than-expected GDP data have often caused US equities to fall, we suspect that US equities would rise if Q3 growth beats the consensus.

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