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Net trade and inventories on course for a big combined boost to headline GDP in Q2.
Trade and inventories data leave a negative Q1 GDP print looking far more likely.
Gold trade and pre-tariff stockpiling are distorting the numbers.
Equipment investment likely to remain anemic at best.
Net trade set to drag heavily on growth amid a pre-tariff surge in imports.
Stronger growth in underlying orders unlikely to last much longer.
Net trade and inventories likely dragged heavily on Q4 GDP growth.
U.S. Document Vault, independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence,