Suddenly, Home Sale Agreements Are Falling Apart Across the U.S.
https://www.bloomberg.com/news/articles/2017-01-11/suddenly-home-sale-agreements-are-falling-apart-across-the-u-s
“Major Border Tax” Coming? @FoxBusiness
http://www.foxbusiness.com/markets/2017/01/11/trump-talks-tough-on-border-tax.html
Why would anyone be surprised by the media nonsense?
By Gary Kaltbaum Are you really surprised? We aren’t! A couple of weeks after the primaries, we went on tv and simply stated that the media would no longer play nice-nice with Donald Trump. During the primary, he was ratings. After the primary, he was the enemy. We went on to sarcastically say the media…
Mexico’s peso hits record low on Trump talk of wall, auto tax
http://www.reuters.com/article/us-mexico-peso-trump-idUSKBN14V20S
Volkswagen agrees to $4.3 billion U.S. diesel settlement
http://www.reuters.com/article/us-volkswagen-emissions-epa-idUSKBN14V1T0
NYSE to expand floor trading to all U.S. equity securities
http://www.reuters.com/article/us-interconti-exc-nyse-trading-idUSKBN14V252
The Closing Look
Stocks rallied on Wednesday after President-Elect Trump held his first press conference of 2017. The tech heavy Nasdaq composite closed at a record high while the Dow Jones Industrial Average continued to trade just below 20,000. Meanwhile, the Mexican Peso hit a fresh record low after Trump reiterated his intention to build a wall. Gary’s…
Thursday’s Pre-Market Look: Stocks In The News Before The Open
Adobe Systems (ADBE) was downgraded to ‘Hold’ from ‘Buy’ at Pivotal Research Group LLC with a 12-month price target of $104. U.S. Steel (X) was downgraded to ‘Neutral’ from ‘Outperform’ at Credit Suisse with a price target of $30 Disney (DIS) was downgraded to ‘Sell’ from ‘Hold’ at Pivotal Research Group LLC with a 12-month…
U.S. plan to ease Wall Street rules may not be worth cost for banks: Fitch
http://www.reuters.com/article/us-usa-banks-fitch-idUSKBN14V25T
The Morning Look
Market Update: Stock futures are lower before Thursday’s open as investors wait for a slew of earnings to be released over the next few weeks. Gary’s Thoughts: Futures down…weaker Europe not helping. Big financials reporting earnings tomorrow…very important to watch. On the gold front, looks like the GDX sets up well just above the 50…