The U.S. economy is actually a’wolf in sheep’s clothing’ as the weak GDP report masks underlying strength, Wells Fargo says

The first-quarter GDP report showed so much deceleration and missed estimates by such a wide margin that stagflation fears are increasingly creeping into Wall Street chatter. But the headline number of 1.6% growth was weighed down by volatile factors like a wider trade deficit and slower inventory…#wellsfargo #sheep #timquinlan #shannonseerygrein #ey #gregorydaco #fortuneearlier #davidrussell #tradestation (Source: Reuters: Health)