GDP Report at First Glance

The headline number is weaker than expected but looking under the hood there are two positive developments:

- Final Sales to Domestic Purchasers jumped by 4.1% compared to 1.3 and 0.2 in the previous quarters. This is a very good measure of underlying domestic demand

- Imports increased much faster than previously, thus indicating consumer strength and substracting more from the headline number which is making it look weaker.

I will add to longs if the market reaches 1077 ES