May 25, 2017
Second-quarter GDP isn't shaping up to be the big quarter everyone expected. Trade data point to a widening in the net export gap and inventories are going down, both of which follow retail sales data earlier in the month that were also weak.
The Dow, at 21,082, rose 0.3 percent to just fall short of another record. Oil fell a very sharp $2-1/2 to test support at $49 despite announcement of an OPEC production cut.