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The Morning Look

ByGary Kaltbaum

Stock Market Overview: 

Stock futures are down on Wednesday as the market digest’s Tuesday strong rally and waits for the Fed’s meeting later today. Gary has nailed this market for you perfectly.

Gary’s Thoughts:  Apple and Boeing will not help this morning but we still believe last Wednesday’s lows holds sway. Just keep in mind the word we used…”jagged” when talking about any further gains. Lots more earnings to come. 

Economic Data:

  • MBA Mortgage Applications 7:00 AM ET
  • New Home Sales 10:00 AM ET
  • EIA Petroleum Status Report 10:30 AM ET
  • FOMC Meeting Announcement 2:00 PM ET

Highlights Of The Day:

    • God and His Angels Can’t Fix Greece: Varoufakis
      Gary’s Thoughts: The country is bankrupt…covered up by issuing more credit cards.
    • The Surge in U.S. Mansion Prices Is Now Over
      Gary’s Thoughts:  As we have said, we believe you will see housing prices, especially rebubbled areas…peak!
    • New Drone Racing League Wants to Be the Next Nascar
      Gary’s Thoughts: Really!