What seasonal adjustment problems are mentioned regarding the first quarter's performance?
HSBC Is Still Bullish on This Market, Strategist Rasco Says
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The video discusses a bullish outlook on the market, expecting a 3-5% increase in US equity markets. It highlights the positive impact of rising wages on the economy and markets, despite potential margin compression. The speaker notes recent market volatility and the challenges of deriving economic stories from market data. Despite weaker reports in February, employment and retail sales have improved, suggesting stronger-than-expected GDP growth in the first quarter.
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What GDP growth expectations were discussed for the first quarter?
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