Meanwhile, it's hard not to comment on recent forecasts from GDPNow on second quarter DGP.

As of Thursday, the GDPNow model sits at 4.0%. My typical gambit is sufficient: "I'll take the under, way under."

GDPNow Forecast June 1, 2017

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2017 is 4.0 percent on June 1, up from 3.8 percent on May 30.