From Those Wonderful Folks Who Called First Quarter GDP: "Atlanta Fed Cuts Q2 GDP Forecast To +0.8%..."

Following up on Wednesday's "A Rare Win for Economic Forecasting: The Atlanta Fed Almost Nails Its First-Quarter Growth Estimate".

From ZeroHedge:

Just as we warned earlier, the April data is not suggesting the kind of post-weather Q2 bounce in economic growth that everyone is praying for  (or not if you're long stocks). On the heels of this morning's tumble in construction spending, The Atlanta Fed forecasts second-quarter real nonresidential structures investment to collapse 20%, leading to a mere 0.8% Q2 GDP growth estimate (dramatically below consensus hope expectations of 3.3% growth).

They nailed it in in Q1...