Down even more today. But, obviously, the newly created Mar-a-Lago Federal Reserve Branch's new "GDP minus wasteful government spending" measure will be more stable.
https://www.atlantafed.org/cqer/research/gdpnow
https://www.atlantafed.org/cqer/research/gdpnow
Comments
Most of this will reverse, because it's due to different aspects of GDP inputs updating at different times leading up to the final number.
I think sharp moves like this have happened before, but it is uncommon.