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Well, on Thursday, we got the initial estimate for GDP growth in the second quarter.

Now a lot of people were looking for a big number.

I think the consensus was 8.5% GDP, which under normal circumstances, right, would be a

very big number.

But given the fact that we're coming out of this gigantic hole, it doesn't really

seem that big.

And also, you have to remember that when it comes to GDP numbers, they're always

annualized.

So, people weren't looking for 8.5% growth in the quarter.

It's annualized.

So, that's really about 2% a little over 2% of growth during the second quarter.

You just multiply it by 4 to get the bigger number.

So that was the consensus.

The actual number was 6.5%.

So, substantially less than what the street was expecting.

And in fact, they even slightly revised the growth from the prior quarter down from

6.4 to 6.3.

So bad news all around.

But of course, what really stands out with the Q2 GDP is not the actual 6.5.

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