GDPNow craters

Well, that escalated quickly. A crash from 3.8% to 1.2% in the last two weeks. It's hard to believe trillions in stimulus has already run its course. Two more stimmy bills are waiting in the wings in Congress if they can get one or both passed. None of this has any impact on my allocations. Interest rates dictate where I invest, as always. Nowcast is downcast.