So boring. So consensus. But it does actually matter

(almost) riding on the flat-line

The latest Atlanta Fed GDPNow model reading for Q2 is clinging to positive territory, at a +0.3 percent estimate as of Monday's update.

Data Trek: "recent readings have been disappointing and awkwardly close to negative. Let's not forget that Q1's GDP has been revised to -1.5 percent. With "recession" chatter now everywhere, GDPNow is saying we are close to hitting the 2 quarters of negative growth definition of the term. Close, but not there yet..."