The Morning Look
Market Update:
Stock futures are a little lower before Thursday’s open as investors digest the latest round of earnings data and wait for the inauguration on Friday.
Gary’s Thoughts: But…Tesla upgrade gets it $9. Netflix up $9 on upgrade. CSX up $6…something about a rail mogul leaving one company and maybe looking at other companies. Besides that, futures mostly flattish. Tomorrow inauguration. Unreal times. Cannot believe so many Dem reps not showing up.
Economic Calendar:
- Housing Starts 8:30 AM ET
- Jobless Claims 8:30 AM ET
- Philadelphia Fed Business Outlook Survey 8:30 AM ET
- Bloomberg Consumer Comfort Index 9:45 AM ET
- John C. Williams Speaks 10:00 AM ET
- EIA Natural Gas Report 10:30 AM ET
- EIA Petroleum Status Report 11:00 AM ET
- Fed Balance Sheet 4:30 PM ET
- Money Supply 4:30 PM ET
- Janet Yellen Speaks 8:00 PM ET
Highlights:
- Dimon Says Euro Zone May Not Survive If Concerns Are Ignored
Gary’s Thoughts: Debt debt and more debt will always cause problems. - Yellen Says Economy Near Goals, Warranting Gradual Rate Hikes
Gary’s Thoughts: Now that she doesnt have to protect Obama, watch rate hike after rate hike to happen…of course, unless economy falls off cliff.