The Morning Look

Market Update:

Stock futures are quiet ahead of Monday’s open as investors look forward to the next Fed meeting on Wednesday and the latest round of earnings data.

Gary’s Thoughts: Futures up a wee bit after an election news-moving Friday. Continue to be patient.

Economic Calendar:

  • Personal Income and Outlays 8:30 AM ET
  • Chicago PMI 9:45 AM ET
  • Dallas Fed Mfg Survey 10:30 AM ET
  • Farm Prices 3:00 PM ET

Highlights:

  • GE, Baker Hughes Deal to Create Energy Powerhouse
    Gary’s Thoughts: More to come.
  • A history of the controversy Hillary Clinton can’t seem to shake. Latest FBI email probe weighs on election
    Gary’s Thoughts: Ya think! This doesn’t happen by accident.
1 reply
  1. Avatar
    anti semite says:

    Yoda looks at xlu:

    Xlu is in a rally, it is flowing with The Force….
    That; says Yoda , tells us the big players see no interest rate hike.

    Yoda continues:
    Given the rally in the dollar, no rate hike is just what we should expect.

    And, that the fed…. will not….. hike, will trigger a fall in the dollar, and that, will trigger a rotation rally in commodities, and hold a steady top in the big market indexes.

    And those steady tops in the big indexes, will in turn, hold the market up.

    Yoda looks to The Force; there is no upcoming market pull back.

Comments are closed.