…..Markets moving higher, valuations a concern. 4Q GDP revised slightly higher to 2.1%. Forecast calls for a repeat of 2016. Debt and deficit to spiral higher. Fedspeakers and the punchbowl. Oil looking at supply crunch. Drivers looking at higher prices. Financial Review by Sinclair Noe for 03-30-2017 DOW + 69 = 20728 SPX + 6 = 2368 NAS+ 16 = 5914 RUT + 10 = 1382 10 Y + .03 = 2.42% OIL + .86 = 50.37 GOLD – 10.90 = 1243.50 We are nearing the end of the month and the first quarter. The Dow Industrial Average is on track for a small loss in the month of March, but after a strong rally in February, the Dow is still looking at year-to-date gains of 4.75%.  The S&P has risen 10.3 percent since the U.S. election. The S&P 500 moved into positive territory for March, up 0.2%, while the Dow remains down 0.4% for the month. The Nasdaq is up 1.5% in March. The rapid climb in equities has raised concerns regarding valuations, with the S&P 500 trading at nearly 18 times earnings estimates for the next 12 months against its long-term average of 15 times. The market will be looking at quarterly earnings to see if the lofty valuations can be supported. First-quarter earnings for S&P 500 companies are expected to rise 10.1 percent, according to Thomson Reuters I/B/E/S.   Today, the market found a catalyst in the form of slightly stronger GDP numbers. Economic growth slowed less ...