Gross domestic product was a major disappointment as consumers turned off the spigots on long term outlays, in part because of rising cost on healthcare, which continues to gobble up large swathes of the economy. In addition, consumer anxiety lifted savings to 5.2% from 5.0% in 4Q15 and well above the averages for last several years.
I like the resolve of the market, and its clear there is a pool of money looking to buy dips, but mostly for quick trades.