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Weekly Notebook Review | Earnings Season Is Upon Us! $SPY $QQQ $USO $GLD | July 13, 2023

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CHAPTER

Goldman's Expectations for Rate Hikes

We are projecting, as I've talked about here a number of times, and we've certainly talked about on microshokes, et cetera. But really, we are kind of seeing a bit, you know, certainly our estimates are seeing a bit of a stagflationary environment where we are going from 3-spot 9.8 today to 2-spot 8.0 in Q1 of next year. Our GDP on the US side is minus 113 basis points versus a land of FED GDP model at plus 229 BIPs and consensus estimates at plus 130. We're still definitely not, I want to say, in line, but certainly have different estimates from a Q over

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