Hold the balloon drop. Today’s new fourth-quarter GDP growth number of 6.9% is a level we’re not going to see again for quite some time, write Wells Fargo Economics analysts. “It is tempting to celebrate a better-than-expected outturn with 6.9% GDP growth in the fourth quarter, but due to a confluence of factors we will not likely see that sort of growth again for some time,” according to the economic commentary it released this morning. “While to some extent the year-end surge was a function of steady consumer and business spending, both petered out at the end of the year as omicron cases climbed and hospitalizations followed.”  The full analysis can be found at this link on Wells Fargo’s website.