Q4 GDP-Advanced came at 2.6% vs. 3.2% consensus. The disappointment has caused interest rates to fall, stocks to fall, and gold to stabilize.
Oil is range bound.
Lower than expected GDP is seen by some as an indication that the Fed will stay dovish longer.
Our very, very short-term early stock market indicator is negative.
Gold futures are at $1262, silver futures are at $16.87, and oil futures are $44.53.
S&P 500 resistance levels are 2017, 2038, and 2063; support levels are 1975, 1950, and 1925.