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The Morning Look

ByGary Kaltbaum

Market Update:

Stock futures are higher ahead of the open as consumers all over the country flock to the stores trying to grab Black Friday deals. The market will close early (at 1pm EST) today. When you have a chance, check out copper (JJC), check out FCX, check out AKS, NUE, X…check out BHP,RIO,SCCO…it is a commodity fest on this recent move as commodity prices are soaring. Our guess is this won’t be fleeting and could possibly have some legs but better wait (hope) for some pulling in.

Gary’s Thoughts:

Economic Calendar:

  • Weekly Bill Settlement
  • 2-Yr FRN Note Settlement
  • International Trade in Goods 8:30 AM ET
  • PMI Services Flash 9:45 AM ET
  • NYSE Early Close: 1:00 PM
  • Fed Balance Sheet 4:30 PM ET
  • Money Supply 4:30 PM ET

Highlights:

  • Black Friday Merchants See Americans Exhaling After Election
    Gary’s Thoughts:  You mean spending!
  • Venezuela’s Currency Just Had the Biggest Monthly Collapse Ever
    Gary’s Thoughts: Yet people still like Bernie Sanders and his socialism.