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J.P. Morgan Asset Management

August 2, 2021

Economic Update: August 2, 2021

2Q21 real GDP grew at a 6.5% q/q seasonally adjusted annual rate. Increases were broad based and were partly offset by decreases in inventories, residential fixed investment and government spending.

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August 2, 2021

Slim Pickings

Chevron and ExxonMobil’s second-quarter results beat expectations on Friday, after a year of trimming the fat helped turn them into lean, mean oil-making machines.

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