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The Morning Look

ByGary Kaltbaum
1 Comment

Market Update:

Stock futures are relatively quiet before Tuesday’s open as investors wait for earnings season to officially begin.

Gary’s Thoughts: Very quiet but…a bunch of commodity names up 2-5% on higher commodity prices. Forgot to mention a little fireworks in biotech-land yesterday. No real leadership…stuff off lows with a few spec names moving on drug news.

Economic Calendar:

  • NFIB Small Business Optimism Index 6:00 AM ET
  • Redbook 8:55 AM ET
  • JOLTS 10:00 AM ET
  • Wholesale Trade 10:00 AM ET
  • 4-Week Bill Auction 11:30 AM ET
  • 3-Yr Note Auction 1:00 PM ET

Highlights:

  • Trump Advisers to Meet With Paul Ryan on Tax Reform, Obamacare
    Gary’s Thoughts: We wonder how they are going to cover $15-20 million people on Obamacare.
  • Alibaba job boom: Jack Ma chats with Trump about how to create 1 million US jobs over 5 years
    Gary’s Thoughts: The dude sure knows the big guns of business. Cannot hurt to be speaking with them. Bernard Arnault was also in the house. Look him up!

 

One Comment

  1. Market at highs.
    50 day Support under, and close.
    Any pull back in the major indexes, they simply hit support and bounce right back up.

    The endless rally continues.
    .
    Jew poo makes the market go up.
    Jew poo makes the market go down.
    Jew poo makes the world go round, and round.
    Yoda, the poet.

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