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Breaking: US first-quarter GDP revised sharply higher; but consumer spending nearly stalls
By SNF Research · Independent market intelligence from Sunday Night Futures LLC
GDP revised higher — but consumer spending nearly stalled in Q1.
The upward revision sounds bullish, but the real signal is the demand warning buried underneath. SPY is holding $734.34 (+0.21%) intraday, masking weakness in growth names: PLTR is getting hit hard at $107.50 (-5.18%) and ASTS is down to $64.41 (-5.16%). Soft consumer spending data is the market's actual problem — it front-runs margin compression across discretionary and high-multiple tech.
Watch: SPY $734 as intraday support — a break puts $730 in play. PLTR $107 is the line; lose it and sellers control the session.