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The Morning Look

ByGary Kaltbaum

Market Update:

Stock futures are down big ahead of Tuesday’s open as investors digest a volatile two day’s on Wall Street.

Gary’s Thoughts: But…futures down decently. Volatility is back and the mantra “don’t blink” is back. Central bank-controlled markets.

Economic Data:

  • NFIB Small Business Optimism Index 6:00 AM ET
  • Redbook 8:55 AM ET
  • 4-Week Bill Auction 11:30 AM ET
  • Treasury Budget 2:00 PM ET

Highlights:

  • Fed’s Brainard Says Prudence Warranted as Hiking Rates Poses Risks
    Gary’s Thoughts: Insanity rules.
  • Dimon: Americans Don’t Fully Appreciate Hand We’re Dealt
    Gary’s Thoughts: If he is talking about this country, we agree!