Listen up! The market is speaking up!
Our award winning weekend report will be out on Monday but first: 70% of the market remains bearish. Yellen said she is confident in the economy just as economies are rolling over. Earnings growth blah. Sales growth down. We are not kidding! Beware.
The Morning Look
Stock Market Overview: U.S. stock futures are lower ahead of Friday’s open as oil prices continue to hit fresh multi-year lows. Today is known as quadruple witching day which means a series of options are expiring today. Typically, that leads to increased volume near the close. Today is also the last trading day of the week…
House Approves Massive Tax Cuts Bill @FoxBusiness
http://www.foxbusiness.com/economy-policy/2015/12/17/house-approves-massive-tax-cuts-bill/?intcmp=bigtopmarketfeatures
FedEx CEO Calls Out Retailers for Bad Shipping Habits @FoxBusiness
http://www.foxbusiness.com/industries/2015/12/17/fedex-ceo-calls-out-retailers-for-bad-shipping-habits/?intcmp=bigtopmarketfeaturesside
Allergan CEO: We Will Spend ‘Vast Majority of’ R&D in U.S. @FoxBusiness
https://video.foxbusiness.com/v/4665391360001/allergan-ceo-on-pfizer-deal/?intcmp=marketfeatures#sp=show-clips
Under Armour, Fanatics Cash In On ‘Star Wars’ Craze @FoxBusiness $UA
http://www.foxbusiness.com/industries/2015/12/17/under-armour-fanatics-cash-in-on-star-wars-craze/?intcmp=bigtopmarketfeaturesside
Russia’s Putin says $50 per bbl oil in 2016 budget “too optimistic”
Russia’s Putin says $50 per bbl oil in 2016 budget “too optimistic”
White House calls for ‘common sense steps’ to help Puerto Rico
http://www.reuters.com/article/usa-puertorico-fiscal-idUSL1N14627N20151217
Required Reading Of The Day
Poster boy for drug price hikes busted for fraud U.S. says it is considering response to Iran ballistic missile test AB InBev seeks quick sales for Peroni and Grolsch: sources U.S., Cuba resume commercial airline service Brazil court lifts suspension of Facebook’s WhatsApp service