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The Morning Look

ByGary Kaltbaum

Stock Market Overview: 

Stock futures are up before Wednesday’s open. Oil prices fell over 10% on Monday and Tuesday. The major averages remain in lousy shape and continue to go nowhere fast as they pause to digest last month’s steep decline. In the short term, Gary called the low perfectly for you on Wednesday, Jan 20, 2016.

Gary’s Thoughts: Futures got a bid this morning when the nutcase from Japan siad they will do a lot more to stimulate…insert joke here.

Ecoomic Data:

  • Bank Reserve Settlement
  • MBA Mortgage Applications 7:00 AM ET
  • ADP Employment Report 8:15 AM ET
  • Gallup U.S. Job Creation Index 8:30 AM ET
  • PMI Services Index 9:45 AM ET
  • ISM Non-Mfg Index 10:00 AM ET
  • EIA Petroleum Status Report 10:30 AM ET

Highlights Of The Day:

    • Alphabet overtakes Apple and becomes the most valuable company
      Gary’s Thoughts: Will be that way for a while. 
    • Shkreli Says He Wishes He Could ‘Berate,’ ‘Insult’ Congress
      Gary’s Thoughts: How do you spell assclown?
    • China Has $23 Billion in Debt That Could Be Cut to Junk
      Gary’s Thoughts: Just the beginning. We have been warning you!