Facts: Unemployment remained at 3.8%. 4th Quarter GDP was revised lower, to 2.2%, according to the second estimate. PMI posted another month of expansion, with the index upticking to 55.3%. The S&P 500 (C Fund) gained 1.95% Assessment: 2.2% quarterly GDP is weak. Slightly concerning. Unemployment is steady at historic lows. That’s good. The S&P 500 quarterly performance is 13.65!!!