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The Morning Look

ByGary Kaltbaum

Market Update:

Stock futures are lower ahead of Tuesday’s open as the market digests last week’s very strong bounce after the initial Brexit sell-off. Looking forward the market is waiting for the jobs report and then earnings season to begin next week.

Gary’s Thoughts: Now that end-of-quarter, pre-holiday is over, we shall see. Would be normal to pull in a wee bit here. Futures down…gold and silver continue up. Oil hit hard.

Economic Data:

  • Gallup US ECI 8:30 AM ET
  • Factory Orders 10:00 AM ET
  • 3-Month Bill Auction 11:30 AM ET
  • 6-Month Bill Auction 11:30 AM ET
  • TD Ameritrade IMX 12:30 PM ET
  • Gallup US Consumer Spending Measure 1:00 PM ET
  • 4-Week Bill Auction 1:00 PM ET
  • William Dudley Speaks 2:30 PM ET

Highlights:

  • Deadly Weekend: Fatal Bombings in Iraq, Serbia and Bangladesh
    Gary’s Thoughts: Just the beginning.
  • Dollar Traders See Jobs Data as Obstacle After Post-Brexit Fade
    Gary’s Thoughts: Blah blah. More at work with currencies than jobs data.