Dissecting the US data as US stock futures fall- check out the Nasdaq 100 futures right now

Following on from the previous update, noting the fall in US Q1 flash GDP at the same time as prices have risen, here is some more colour and opinion. Look, that data was dire, assuming it is not a flash in the pan (pardon the pun). If that mix of falling growth and rising prices is maintained then is amounts to only one thing- STAGFLATION. That is toxic for the US economic outlook and whilst the dollar might not be able to make up its mind just now, the US stock futures seem to have done so. All three major index futures are in the red right now and the Nasdaq 100 is leading the way lower. The S+P 500 future is right now falling below 5,500 as well. The outlook for the US stock market opening has therefore taken another twist and this time it is lower and unless something weird and wonderful happens in the next hour, US stocks might be in for something of a reckoning this afternoon. The Nasdaq 100 is right now priced to reopen close 19,195