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The Morning Look

ByGary Kaltbaum

Stock Market Overview: 

Futures are lower ahead of Thursday’s open as markets remain lower for the week.

Gary’s Thoughts: We expected to wake up from our let lagged fog to see a strong Europe and Asia overnight but nothing doing. As we mentioned last night, they are lagging badly. Not sure it is meaningful…but something to watch. Futures down a wee bit but that’s a no biggie after yesterday’s beta day. 

Economic Data:

  • Chain Store Sales
  • Jobless Claims 8:30 AM ET
  • Bloomberg Consumer Comfort Index 9:45 AM ET
  • EIA Natural Gas Report 10:30 AM ET
  • Consumer Credit 3:00 PM ET
  • Fed Balance Sheet 4:30 PM ET
  • Money Supply 4:30 PM ET
  • Janet Yellen Speaks 5:30 PM ET
  • Esther George Speaks 8:15 PM ET

Highlights Of The Day:

  • Fed Minutes Show Easy Money Here To Stay
    Gary’s Thoughts: Ya think! We will bet anyone the next fed move is lower rates back to 0%!
  • Three Pfizer Presidents Still Get $1 Million After Failed Deal
    Gary’s Thoughts: Good for them!