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With the recent reading of 3.2% for 2019 Q1 GDP beating expectations by a mile, it makes us skeptical as to what’s going on. A major driver of GDP growth was an increase in inventories. However, imports were down and we have been told throughout Q1 that production has been stagnant or slowing. Therefore, how were inventories built up to such a degree? We also have the Fed meeting this week, so it’ll be interesting to see how they play this recent GDP report because we still have The White House advocating for interest rate cuts and QE4. Wait?! We thought everything was fine – why then would we need the implementation of emergency measures?