Less alongside the shares after GDP, ADP data

What would seem one hour ago as if another positive day in the markets has undoubtedly become negative because the latest economic data that feeds the increasing recession concerns.

The first ADP job numbers was April. Two days before the government’s recruitment data for April, the ADP report showed only 62000 jobs in the private sector that was created this month, which is shy of 108,000 and 147,000 March. It was the weakest print since July 2024.

After that was the first estimate of the government for GDP growth in the first quarter, which came 0.3 % negative for 0.2 % positive estimates. While the quarter ended in March, the economic actors-with complete knowledge of the upcoming definitions-the additives loaded with the interface early in the year. Returning to ECON 101, the high imports (in the absence of a profit corresponding to exports) is a preposition on the growth of GDP.

In fact, reduce the imbalance in export GDP growth About 5 % in the first quarter. Also at work, the efforts made by the Trump administration, as the government spends a traction on the GDP for the first time since 2022.

By moving to inflation, the main PCE price index included in the GDP report increased by 3.5 % against only 3.1 % profit estimates.

All of this adds to a significant decrease in American stocks, with a decrease in Nasdaq 2 % and S&P 500 by 1.5 %. This hits Bitcoin (BTC), which slipped about 1 % along with $ 94,300.