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The Morning Look

ByGary Kaltbaum

Market Update:

Stock futures are lower ahead of Friday’s open as the market pulls back from record highs.

Gary’s Thoughts: No way…futures down? Of course, it will get bought up as market never goes down. Bazinga! Watch oils. Watch financials…and for a chancge, those numbers for AMAT were very good.

Economic Data:

  • Baker-Hughes Rig Count 1:00 PM ET

Highlights:

  • Stocks On Track For First Real Down Week Since Brexit
    Gary’s Thoughts: Down? We know down? That’s not down!
  • Oil Rallies on the Back of Frozen Hope
    Gary’s Thoughts: Say what?
  • NBC’s $12 Billion Olympics Bet Stumbles, Thanks to Millennials
    Gary’s Thoughts: We believe many of the Olympic announcers were subpar and unexciting. Also not thrilling to see such empty stands. IOC needs to rethink things!