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The Morning Look

ByGary Kaltbaum

Market Update:

Stocks futures are flat ahead of Wednesday’s open as we approach the last few days of the month and quarter.

Economic Data: We see the head honchos at Wells Fargo are now giving back money…but making $100 million and giving back $15 million will not suffice. Markets almost gets back what it lost on Monday.

  • Bank Reserve Settlement
  • MBA Mortgage Applications 7:00 AM ET
  • Durable Goods Orders 8:30 AM ET
  • Neel Kashkari Speaks 8:45 AM ET
  • Janet Yellen Speaks 10:00 AM ET
  • James Bullard Speaks 10:15 AM ET
  • EIA Petroleum Status Report 10:30 AM ET
  • Charles Evans Speaks 1:30 PM ET
  • Loretta Mester Speaks 4:35 PM ET
  • Esther George Speaks 7:15 PM ET

Highlights:

  • Blackstone’s Top Dealmaker Says Now Is the Most Difficult Period He’s Ever Experienced
    Gary’s Thoughts: Because valuations are a joke.
  • More Than 50% of Shoppers Turn to Amazon First When Looking For A New Product
    Gary’s Thoughts: Thus the new world.