Nvidia, reconsidered

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Good morning. The Atlanta Fed’s estimate of third-quarter GDP, which has looked improbably high, just keeps rising. It ticked up to 5.9 per cent yesterday. One contributor: a 0.5 percentage point boost from sold-out Taylor Swift and Beyoncé concerts plus the Barbenheimer phenomenon, according to Bloomberg Economics estimates. We await Jay Powell’s comments on this at Jackson Hole today. Email us: [email protected] an