Tomorrow morning is going to be hectic for investors, with the initial reading of fourth quarter GDP and Exxon Mobil (XOM) earnings coming out before the open. As shown below, GDP is expected to come in at -5.5% (QoQ annualized), which would be its lowest reading since 1982.
XOM is heading into its earnings report having just broken below its 50-day moving average today, so a weaker than expected report could spell trouble for its shares and the whole market given the stock's weight in the S&P 500 (5%+). Regardless of how all the numbers come in, it should make for a volatile open.
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