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Stocks continue to consolidate right under the all time highs at 2400. Some of the recent optimism is due to a stronger than expected earnings season. Also momentum coming from DC on the tax front that should fuel future economic growth.
What is lost in the shuffle is that Q1 GDP will be announced this morning. According to the respected GDPNow model from the Atlanta Fed, they are only expecting a +0.2% result. That would be a shockingly low reading that most investors are not prepared for.
If it does hit the stock market, then take advantage of the opportunity to buy the dip. That is because investors will not focus on that view of the past for long. Instead they will focus on the future which looks brighter, especially if lower taxes are on the way.
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Stocks continue to consolidate right under the all time highs at 2400. Some of the recent optimism is due to a stronger than expected earnings season. Also momentum coming from DC on the tax front that should fuel future economic growth. 
