Tuesday’s Market Look

Market Update:

Stock futures are lower before Tuesday’s open as investors digest Monday’s sell-off and wait for a busy week of earnings and economic data. In addition to a slew of earnings we have a busy week for Central Banks, including a Fed meeting, and the always fun jobs report to look forward to.

Gary’s Thoughts:

Futures down a wee bit. Market showing a little distribution here.  A few blowups this morning. UA…wow! New yearly lows. UPS coughs one up and MA, which has been acting well, down a few percent.

Economic Calendar:

  • FOMC Meeting Begins
  • Employment Cost Index 8:30 AM ET
  • Redbook 8:55 AM ET
  • S&P Corelogic Case-Shiller HPI 9:00 AM ET
  • Chicago PMI 9:45 AM ET
  • Consumer Confidence 10:00 AM ET
  • State Street Investor Confidence Index 10:00 AM ET

Highlights:

  • Trump Signed 11 Executive Orders In His First Week In Office
    Gary’s Thoughts: Just as promised
  • S&P Posted Worst Drop Since Election Day
    Gary’s Thoughts: Way overdue

Required Reading

Listen To Monday’s Investor’s Edge Radio Show: 01/30/2017

Listen To Monday’s Investor’s Edge Radio Show: 01/30/2017

Click Here: http://archives.warpradio.com/btr/investorsedge/013018.mp3

Bears Vanish From S&P 500 Options as Put-Call Ratio Is One Sided

What a difference 1 year makes. This time last year nearly “everyone” was bearish and 2016 turned into a decent year on Wall Street.  Now nearly “everyone” is bullish. You know what happens to crowded one-sided trades… Just saying…

https://www.bloomberg.com/news/articles/2017-01-27/bears-vanish-from-s-p-500-options-as-put-call-ratio-baffles-pros

THE $99 BILLION IDEA

It’s great to see everyone is in love with the “sharing” economy but they seem to be forgetting one thing: These companies need to start making money…

https://www.bloomberg.com/features/2017-uber-airbnb-99-billion-idea/

Wall Street Rates Traders Said to Get Up to 20% Bonus Increases

It’s much easier to pay big bonuses when bank stocks jump 20% in 3 months…

https://www.bloomberg.com/news/articles/2017-01-27/jpmorgan-rates-traders-said-to-get-20-bonus-bump-10-at-bofa

In a Verizon-Charter Deal, Analysts See One Massive Pile of Debt

https://www.bloomberg.com/news/articles/2017-01-27/in-a-verizon-charter-deal-analysts-see-one-massive-pile-of-debt