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The Morning Look

ByGary Kaltbaum

Market Update:

Stock futures are quiet ahead of Wednesday’s open as the market continues trading in a relatively tight trading range.

Gary’s Thoughts: Quiet is the word. Not much to add.

Economic Data:

  • MBA Mortgage Applications 7:00 AM ET
  • FHFA House Price Index 9:00 AM ET
  • Existing Home Sales 10:00 AM ET
  • EIA Petroleum Status Report 10:30 AM ET
  •  2-Yr FRN Note Auction 11:30 AM ET
  • 5-Yr Note Auction 1:00 PM ET

Highlights:

  • Tesla Unveils New Model S, Its Quickest Production Car
    Gary’s Thoughts: Stock down…make an announcement. In case you did not know, Tesla loses $20,000 every time they make a car.
  • McMansions Define Ugly in a New Way: They’re a Bad Investment
    Gary’s Thoughts: Jealousy?