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The Morning Look

ByGary Kaltbaum
1 Comment

Stock Market Overview: 

Futures are down ahead of Wednesday’s open as the market continues digest it’s strong rally off the Feb 11th, near term low. During that time, the benchmark S&P 500 soared nearly 7% which is not an insignificant sum. Remember, moves of that size typically happen during bear, not bull, markets.

 

Gary’s Thoughts: Another gap this morning but this time to the downside. If you don’t believe in our teachings, you had better check where most major indices stopped dead in their tracks…at or near the declining 50 day average. It is not uncanny…it is how things work in a bear market.

Economic Data: 

  • MBA Mortgage Applications 7:00 AM ET
  • Jeffrey Lacker Speaks 8:00 AM ET
  • PMI Services Flash 9:45 AM ET
  • New Home Sales 10:00 AM ET
  • EIA Petroleum Status Report 10:30 AM ET
  • Rob Kaplan Speaks 1:15 PM ET
  • James Bullard Speaks 6:30 PM ET

Highlights Of The Day:

  • Saudi Arabia Won’t Cut Crude Output, Reaffirms Freeze Accord
    Gary’s Thoughts: Cut your nose to…

One Comment

  1. Isn’t it time to watch the bond market, getting awfully close for a second time recently to all time lows on the 10 year, below 1.4 the canary in the coal mine is dead, and at 1 percent, I shudder to think of the consequences

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