United States second quarter GDP -32.9%. To say it is "better than consensus" is almost a joke.

GDP was supported by large increase in government spending. Services collapsed. pic.twitter.com/qChow7HzgX

— Daniel Lacalle (@dlacalle_IA) July 30, 2020

Real GDP, Year over Year (Q2 2020) pic.twitter.com/wBAgYFAhIR

— Eric Basmajian (@EPBResearch) July 30, 2020

Initial jobless claims up 1.434 Million

Continuing claims RISE to 17.0 Million; EST 16.2 MLLION

Damning rises

GDP BEATS! -32.9% vs -34.5 EST (still worst print…ever)

— Danielle DiMartino Booth (@DiMartinoBooth) July 30, 2020