Geopolitics Alpha

US ATLANTA FED GDPNOW MODEL ESTIMATES US Q4 GDP GROWTH RATE AT 3.4%, DOWN FROM 3.7% PREVIOUSLY, AFTER ISM, TRADE, OTHER DATA REPORTS

Published . Updated .

Key takeaways

  • Select market data provided by ICE Data Services .
  • Exposed: TLT, IEF, JPM, BAC, DHI
  • Market reaction: TLT +0.5% on the day (still updating); IEF +0.4% on the day (still updating); DHI +8.4% on the day (still updating)

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US ATLANTA FED GDPNOW MODEL ESTIMATES US Q4 GDP GROWTH RATE AT 3.4%, DOWN FROM 3.7% PREVIOUSLY, AFTER ISM, TRADE, OTHER DATA REPORTS

Select market data provided by ICE Data Services . Select reference data provided by FactSet. Copyright © 2026 FactSet Research Systems Inc. Copyright © 2026, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved. SEC filings

Directly affected

  • FDS Factset Research Systems

    Named in this report.

Indirectly affected

  • TLT iShares 20+ Year Treasury Bond ETF-1.8% 30d

    iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story.

  • IEF iShares 7-10 Year Treasury Bond ETF-0.7% 30d

    iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story.

  • JPM JPMorgan Chase+0.1% 30d

    JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.

  • BAC Bank of America-11.4% 30d

    Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.

  • DHI D.R. Horton+5.0% 30d

    D.R. Horton (operative builders): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.

  • SCHW The Charles Schwab

    The Charles Schwab (security brokers, dealers and flotation companies): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
FDSNo price data for this ticker———————
TLT-0.09%+0.94%base+0.45%after closeafter closeafter close
IEF-0.34%+0.64%base+0.37%after closeafter closeafter close
JPM+0.41%-0.26%base+4.10%after closeafter closeafter close
BAC+2.47%+0.71%base+3.52%after closeafter closeafter close
DHI-1.58%+0.55%base+8.42%after closeafter closeafter close
SCHW-0.55%-1.39%base+3.59%after closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

US ATLANTA FED GDPNOW MODEL ESTIMATES US Q4 GDP GROWTH RATE AT 3.4%, DOWN FROM 3.7% PREVIOUSLY, AFTER ISM, TRADE, OTHER DATA REPORTS TradingView

Source: TradingView

Ishares Tr (TLT) since this story, compared with the market

CompanyWhenMoveStatus
Bank Of America (BAC)that day+3.52%still updating
Bank Of America (BAC)three days earlier+0.71%final price
Bank Of America (BAC)five days earlier+2.47%final price
Horton D R (DHI)that day+8.42%still updating
Horton D R (DHI)three days earlier+0.55%final price
Horton D R (DHI)five days earlier-1.58%final price
Ishares Tr (IEF)that day+0.37%still updating
Ishares Tr (IEF)three days earlier+0.64%final price
Ishares Tr (IEF)five days earlier-0.34%final price
Jpmorgan Chase (JPM)that day+4.10%still updating
Jpmorgan Chase (JPM)three days earlier-0.26%final price
Jpmorgan Chase (JPM)five days earlier+0.41%final price
Schwab Charles (SCHW)that day+3.59%still updating
Schwab Charles (SCHW)three days earlier-1.39%final price
Schwab Charles (SCHW)five days earlier-0.55%final price
Ishares Tr (TLT)that day+0.45%still updating
Ishares Tr (TLT)three days earlier+0.94%final price
Ishares Tr (TLT)five days earlier-0.09%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around Ishares Tr (TLT)

Companies tied to this story

  • TLT Ishares Tr

    In “US ATLANTA FED GDPNOW MODEL ESTIMATES US Q4 GDP GROWTH RATE AT 3.4%, DOWN FROM 3.7% PREVIOUSLY, AFTER ISM, TRADE, OTHER DATA REPORTS,” Ishares Tr (TLT) is linked, with no stored direction, medium confidence. Reason on file: iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story

  • IEF Ishares Tr

    In “US ATLANTA FED GDPNOW MODEL ESTIMATES US Q4 GDP GROWTH RATE AT 3.4%, DOWN FROM 3.7% PREVIOUSLY, AFTER ISM, TRADE, OTHER DATA REPORTS,” Ishares Tr (IEF) is linked, with no stored direction, medium confidence. Reason on file: iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story

  • JPM Jpmorgan Chase

    In “US ATLANTA FED GDPNOW MODEL ESTIMATES US Q4 GDP GROWTH RATE AT 3.4%, DOWN FROM 3.7% PREVIOUSLY, AFTER ISM, TRADE, OTHER DATA REPORTS,” Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence. Reason on file: JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story

  • BAC Bank Of America

    Bank Of America (BAC) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “US ATLANTA FED GDPNOW MODEL ESTIMATES US Q4 GDP GROWTH RATE AT 3.4%, DOWN FROM 3.7% PREVIOUSLY, AFTER ISM, TRADE, OTHER DATA REPORTS.” Reason on file: Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story

  • DHI Horton D R

    For “US ATLANTA FED GDPNOW MODEL ESTIMATES US Q4 GDP GROWTH RATE AT 3.4%, DOWN FROM 3.7% PREVIOUSLY, AFTER ISM, TRADE, OTHER DATA REPORTS,” Horton D R (DHI) is linked, with no stored direction, medium confidence. Reason on file: D.R. Horton (operative builders): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story

  • SCHW Schwab Charles

    For “US ATLANTA FED GDPNOW MODEL ESTIMATES US Q4 GDP GROWTH RATE AT 3.4%, DOWN FROM 3.7% PREVIOUSLY, AFTER ISM, TRADE, OTHER DATA REPORTS,” Schwab Charles (SCHW) is linked, with no stored direction, medium confidence. Reason on file: The Charles Schwab (security brokers, dealers and flotation companies): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story

Ishares Tr (TLT)

The 4 Nov 2026 story “US ATLANTA FED GDPNOW MODEL ESTIMATES US Q4 GDP GROWTH RATE AT 3.4%, DOWN FROM 3.7% PREVIOUSLY, AFTER ISM, TRADE, OTHER DATA REPORTS” names Ishares Tr (TLT) because of this story.

The link for Ishares Tr (TLT) is this: iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story

Ishares Tr (IEF) is here too. Its reason reads: iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story

Price levels for Ishares Tr (TLT)

IEF traded between 88.64 and 91.23 across 20 sessions. The latest close on file is 90.08. JPM traded between 325.12 and 345.73 across 20 sessions. The latest close on file is 338.00. TLT traded between 76.44 and 81.94 across 20 sessions. The latest close on file is 79.46.

A simple score for Ishares Tr (TLT)

46 out of 100Price not final

“US ATLANTA FED GDPNOW MODEL ESTIMATES US Q4 GDP GROWTH RATE AT 3.4%, DOWN FROM 3.7% PREVIOUSLY, AFTER ISM, TRADE, OTHER DATA REPORTS” scores 46 out of 100. The score uses 1 sources, and 6 linked companies. The price is not final yet.