The Morning Look

Market Update:

Stock futures are mixed to slightly lower ahead of Wednesday’s open as the market continues pulling back from record highs.

Gary’s Thoughts: You mean retail actually goes down on bad numbers…TGT,LOW hit…but PLCE,URBN up nicely.

Economic Data:

  • Bank Reserve Settlement
  • MBA Mortgage Applications 7:00 AM ET
  • Atlanta Fed Business Inflation Expectations 10:00 AM ET
  • EIA Petroleum Status Report 10:30 AM ET
  • James Bullard Speaks 1:00 PM ET
  • FOMC Minutes 2:00 PM ETHighlights:
  • Fed’s Lockhart Says At Least One Rate Hike May Be Needed in 2016
    Gary’s Thoughts: Shut the hell up!
  • America’s First Offshore Wind Farm Is Nearly Ready
    Gary’s Thoughts: Passing wind?