GDP

.....Markets moving higher, valuations a concern. 4Q GDP revised slightly higher to 2.1%. Forecast calls for a repeat of 2016. Debt and deficit to spiral higher. Fedspeakers and the punchbowl. Oil looking at supply crunch. Drivers looking at higher prices.
Financial Review by Sinclair Noe for 03-30-2017
DOW + 69 = 20728
SPX + 6 = 2368
NAS+ 16 = 5914
RUT + 10 = 1382
10 Y + .03 = 2.42%
OIL + .86 = 50.37
GOLD – 10.90 = 1243.50
We are nearing the end of the month and the first quarter. The Dow Industrial Average is on track for a small loss in the month of March, but after a strong rally in February, the Dow is still looking at year-to-date gains of 4.75%.  The S&P has risen 10.3 percent since the U.S. election. The S&P 500 moved into positive territory for March, up 0.2%, while the Dow remains down 0.4% for the month. The Nasdaq is up 1.5% in March. The rapid climb in equities has raised concerns regarding valuations, with the S&P 500 trading at nearly 18 times earnings estima