The Morning Look
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The Morning Look

Market Update: Stock futures are a little higher on Friday as the very strong post brexit rally continues. Gary’s Thoughts: We will have our award winning weekend report on Sunday. Markets do need some sitting. Earnings stink but reactions (except a few) have been decent. Economic Data: PMI Manufacturing Index Flash 9:45 AM ET Baker-Hughes Rig Count 1:00…

The Morning Look
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The Morning Look

Market Update: Stock futures are a little lower ahead of Thursday’s open as the market digests its robust post-brexit rally. Gary’s Thoughts: And Biotech up early as BIIB up $15 on numbers. Market broadening out on crappy earnings. Do we have to say it…central banks! Economic Data: Weekly Bill Settlement 52-Week Bill Settlement Jobless Claims 8:30 AM ET…

The Closing Look
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The Closing Look

Stocks rallied on Wednesday after the latest round of earnings data was announced. Morgan Stanley (MS) and Microsoft (MSFT) both rallied after announcing their results. According to the CME Group’s FedWatch tool, traders see a roughly 40% chance the Fed will hike rates by its December meeting, which was less than 20% a few weeks ago. The US Dollar…

The Closing Look
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The Closing Look

Stocks were very quiet on Tuesday as investors digested the latest round of economic and earnings data. Economic data was relatively light, U.S. housing starts rose by 1.19 million units versus expectations of a 1.17 million. Earnings data was mixed, shares of Netflix (NFLX) and Goldman Sachs (GS) fell after reporting earnings while shares of Johnson and Johnson…