The most comprehensive measure of economic activity. GNP is the sum total of goods and services produced by the US. Gross National Product is published by the Bureau of Economic Analysis, US Department of Commerce, on a quarterly basis, between the 21st and 30th of the month. The market reaction is usually as follows:

Fixed Income:

GNP up= Bond market down GNP down = Bond market up

Equities:

GNP up = Stock market up GNP down = Stock market down

Dollar:

GNP up = Dollar up GNP down = Dollar down