P.S. To My Most Recent Post

GDP was released this morning and it came up a cropper futures are down about .75% as of this point.  When I was writing my latest S&P update-which was actually written last night and set for today-I forgot that GDP was going to be released!  

At any rate, futures don't like that versus expectations of an annualized 1% GDP growth, the economy barely grew in the first quarter.  It grew at an annualized 0.2% rate.  Poor weather didn't help things, as did continued poor performance in the commodity and oil space.  Yet there is likely more to this number that will come out today as the data is dissected.  

The one upside that traders may take away from this is that an interest rate increase is now likely off the table at least in June.  That may stabilize things after the market opens.  Will See.