The Morning Look

Market Update:

Stock futures are quiet ahead of Friday’s open as the market digests the very strong bounce after the Brexit sell-off.

Gary’s Thoughts: Bank of England announces cutting rates..continues the amazing turnaround. More on the weekend. Happy July 4th!

Economic Data:

  • Motor Vehicle Sales
  • PMI Manufacturing Index 9:45 AM ET
  • ISM Mfg Index 10:00 AM ET
  • Construction Spending 10:00 AM ET
  • Loretta J. Mester Speaks 11:00 AM ET
  • Baker-Hughes Rig Count 1:00 PM ET

Highlights:

  • EU Calls for ‘Orderly’ Brexit at Historic Meeting Minus U.K.
    Gary’s Thoughts:Doesnt matter.
  • S&P cuts rating on EU to ‘AA’ after Brexit
    Gary’s Thoughts: Doesnt matter.

Chart Of The Day: Hershey Soars Even After Turning Down Initial Take-Over Bid $HSY

1 HSY

Listen To Wednesday’s Investor’s Edge Radio Show: Stoolander Edition 06/29/2016

Highlights:

1. Market Wrap

2. Gary breaks down Wednesday’s strong oversold rally for you

3. Find out what areas are front and center on Gary’s radar and what he is looking for 

The Brexit Fix: Add the UK to NAFTA @FoxBusiness

http://www.foxbusiness.com/features/2016/06/28/brexit-fix-add-uk-to-nafta.html

General Mills 4Q Profit Beats Estimates as Costs Fall @FoxBusiness

http://www.foxbusiness.com/markets/2016/06/29/general-mills-4q-profit-beats-estimates-as-costs-fall.html

5 Ways Brexit is Having an Impact On U.S. Consumers @FoxBusiness

http://www.foxbusiness.com/features/2016/06/29/5-ways-brexit-is-having-impact-on-u-s-consumers.html

U.S. lifts ‘too big to fail’ designation of GE’s financing unit

http://www.reuters.com/article/us-ge-capital-usa-idUSKCN0ZF1IO

U.S. consumer spending rises in May, inflation still benign

http://www.reuters.com/article/us-usa-economy-consumer-spending-idUSKCN0ZF1DV

China defends FX policies after Trump vows to label Beijing a currency manipulator

http://www.reuters.com/article/us-usa-election-china-idUSKCN0ZF17D

After Blowing $108M, Antoine Walker Helps Athletes Avoid Bankruptcy @FoxBusiness

http://www.foxbusiness.com/features/2016/06/29/after-blowing-108m-antoine-walker-helps-athletes-avoid-bankruptcy.html