The market is focused on more obvious signs of a Russian-sponsored counteroffensive in Ukraine but the GDP report is due up.

The ‘consensus’ is 3.9% but after better shipments in the durable goods orders report the market is looking for 4.0-4.1%. This year GDP numbers have been extremely volatile, partly due to healthcare costs and Obamacare.

Estimates range from 3.5% to 4.3%.

Q1 growth was -2.1%.