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The Morning Look

ByGary Kaltbaum

Stock Market Overview: 

Stock futures are down before Thursday’s open. After falling over 11% on Monday and Tuesday Oil prices soared over 8% on Wednesday as the US dollar experienced a huge single day decline. The major averages remain in lousy shape and continue to go nowhere fast as they pause to digest last month’s steep decline.

Gary’s Thoughts: Central banks continue to interfere. Report to follow!

Ecoomic Data:

  • Chain Store Sales[Bullet
  • Eric Rosengren Speaks 2:15 AM ET
  • Challenger Job-Cut Report 7:30 AM ET
  • Jobless Claims 8:30 AM ET
  • Productivity and Costs 8:30 AM ET
  • Gallup Good Jobs Rate 8:30 AM ET
  • Rob Kaplan Speaks 8:30 AM ET
  • Factory Orders 10:00 AM ET
  • EIA Natural Gas Report 10:30 AM ET
  • Fed Balance Sheet 4:30 PM ET
  • Money Supply 4:30 PM ET
  • Loretta Mester Speaks 5:00 PM ET

Highlights Of The Day:

    • US dollar suffers huge single day decline.
      Gary’s Thoughts: Central banks!
    • Shkreli Lost $40M in his E-Trade Account
      Gary’s Thoughts: Assclown!
    • Buffalo Wild Wings Tumbles on Report of Illnesses in Kansas
      Gary’s Thoughts: Not the wings!