Markets are on a ‘sugar high,’ billionaire hedge fund manager Marc Lasry says
http://www.cnbc.com/2016/12/09/markets-are-on-a-sugar-high-billionaire-hedge-fund-manager-marc-lasry-says.html
OPEC’s Historic Deal Won’t Be Enough to Drain Oil Stockpiles
https://www.bloomberg.com/news/articles/2016-12-09/opec-s-historic-deal-won-t-be-enough-to-drain-oil-stockpiles
The Closing Look
Stocks rallied on Thursday after the ECB held rates steady and extended QE until December 2017. Currently, the ECB is buying 80 billion euros a month and that will drop down to 60 billion starting in April 2017. Financials, transports, steel, industrials, materials, and other areas that are working continued to run and are now…
Trump Team’s Memo Hints at Broad Shake-Up of U.S. Energy Policy
https://www.bloomberg.com/news/articles/2016-12-09/trump-team-s-memo-hints-at-broad-shake-up-of-u-s-energy-policy
When Will You Age Out of Your Career? Check This Chart
https://www.bloomberg.com/news/articles/2016-12-09/even-white-collar-workers-can-t-postpone-retirement-forever
Four National Retailers Sued Over Sale Prices @FoxBusiness
http://www.foxbusiness.com/markets/2016/12/09/four-national-retailers-sued-over-sale-prices.html
U.K.’s Davis Rejects Call for Brexit Transition Deal, Memo Says
https://www.bloomberg.com/news/articles/2016-12-09/u-k-s-davis-rejects-call-for-brexit-transition-deal-memo-says
Korea’s Park Impeached as Protesters Vent Anger Over Corruption
https://www.bloomberg.com/news/articles/2016-12-09/korea-s-park-impeached-as-protesters-vent-anger-over-corruption
Friday Pre-Market Look: Stocks In The News Before The Open
Fluor (FLR) was upgraded to ‘Buy’ from ‘Neutral’ at Citigroup. Aflac (AFL) was downgraded to ‘Underperform’ from ‘Sector Perform’ at RBC Capital Markets with a 12-month target price of $65. Finisar (FNSR) rallied over 3% in after-hours trading after it reported Q2 adjusted EPS of 58 cents, higher than consensus of 46 cents, and then…
The Morning Look
Market Update: Stock futures are higher before Friday’s open one day after the ECB announced 2.4T in easy money and extended its QE program until December 2017. Gary’s Thoughts:Easy money continues while we now look to get an ease up on regs and taxes and mandates and fees and fines. Markets love it. Economic Calendar:…