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Tuesday’s Market Look

ByGary Kaltbaum
1 Comment

Market Update:

Stock futures are lower before Tuesday’s open as investors digest Monday’s sell-off and wait for a busy week of earnings and economic data. In addition to a slew of earnings we have a busy week for Central Banks, including a Fed meeting, and the always fun jobs report to look forward to.

Gary’s Thoughts:

Futures down a wee bit. Market showing a little distribution here.  A few blowups this morning. UA…wow! New yearly lows. UPS coughs one up and MA, which has been acting well, down a few percent.

Economic Calendar:

  • FOMC Meeting Begins
  • Employment Cost Index 8:30 AM ET
  • Redbook 8:55 AM ET
  • S&P Corelogic Case-Shiller HPI 9:00 AM ET
  • Chicago PMI 9:45 AM ET
  • Consumer Confidence 10:00 AM ET
  • State Street Investor Confidence Index 10:00 AM ET

Highlights:

  • Trump Signed 11 Executive Orders In His First Week In Office
    Gary’s Thoughts: Just as promised
  • S&P Posted Worst Drop Since Election Day
    Gary’s Thoughts: Way overdue

One Comment

  1. Yawn….
    Eom dude…. ( end of month ).

    We could easily rally into it, and it looks like we will….

    My two secret indicators are saying this is a weak market pull back, and if one were to look, he/she would see support, or areas, extended …down side,, waiting to rally..

    Yoda holds,,,,,,, one long, and one short.
    That ,, do not happen,,,, that often..

    Yoda bets on a dcb ( dead cat bounce ) into EOM. then into Feb., ( February ),,,,

    dunno.. ??

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