US Q2 GDP Beats Estimates, But that is Not the Real Story

The ISM Manufacturing Index also exceeded estimates, delivering a reading of 55.4 – it’s highest reading since June 2011- indicating growth in the US manufacturing base

The overall numbers are good, but not great; today’s release of the non-farm payrolls data should help confirm whether or not the US recovery is set to continue and perhaps accelerate

If the economy does “find its legs”, higher interest rates are a given. What to do?