Unsure why the markets are deemed to be reacting to the GDP figure..

The June export/import figure already suggested a significant revision to preliminary GDP data anyways.   I have already pointed out some basic facts about the trade figures which should soften some of the euphoria.  Besides, a 10 point move on the S&P can be attributed to any a number of factors, many of which are random and unrelated to the particular news item, and the money shift required to make such a move is so small that a blink of an eye would sound like thunder in comparison.  

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