Hello, fellow, Robo Capitals, hope you're well.

So huge news today, GDP comes out, and it is a negative.

Point three.

I think expectations for a positive point four.

But let's shoot straight over to CNBC and check this out. And it is true. There is a lot of nuance in

this report. It's not just the headline number. So let's get into the details right now. We're

going to shoot over to CNBC. U.S. economy shrank 0.3%. That was a negative 0.3% number in the first quarter is Trump

policy uncertainty weighed on businesses. Of course, the mainstream media is going to blame it on

Trump. No surprise there. Now, here is where they start to get into the nuance that is absolutely

important to understanding kind of what's going on beneath the

hood because obviously the real question is is this an outlier or is this the first quarter of a

recession so let's look at this talking point hereorts sword 41.3% driven by 50.9% increase in goods.

And why is that important? Because imports subtract from GDP. So what you do is you take a net number to get basically your your trade deficit surplus, whatever it is. And then this is what,

actually, I don't know if the, I would have to look to see if the, if that, if it's just the goods

trade surplus or deficit or is it goods and services. That's actually an interesting question. So we'll get

into that in just a moment. I'm sure we're going to look at a couple different articles here, not just

CNBC. So I'm sure they will dive into further details here. But the report proved the bottom line

there is you deduct the if we have more imports than exports that's going to be

a negative drag on GDP so that's where it's really important to look beneath the hood here so of course

if this is the beginning of recession you got to talk about what the fed is going to do next and as

you guys know from watching this channel i've've just been looking at the two-year.

And I'm like, yeah, the Fed's probably going to follow that.

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