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The Morning Look

ByGary Kaltbaum

Stock Market Overview: 

Futures are lower ahead of Tuesday’s open as markets digest the Bank of Japan (BOJ) decision to keep monetary policy unchanged and wait for the Fed to conclude its latest meeting on Wednesday.

Gary’s Thoughts: We came into the week thinking commodities could pull back and things need to slow down as we are waaaay overbought and into resistance. Tomorrow, we get Mrs. Bubble! We suspect they do nothing and say blah blah blah.

Economic Data:

  • 4-Week Bill Announcement 11:00 AM ET
  • 3-Month Bill Auction 11:30 AM ET
  • 6-Month Bill Auction 11:30 AM ET

Highlights Of The Day:

  • Merkel Stands by Stance on Refugees After Losses in State Polls
    Gary’s Thoughts: We think Merkel could be in trouble.
  • Russia Says Iran May Join Oil Freeze After Boosting Output
    Gary’s Thoughts: Loweer oil has killed them. We are surprised they havent tried more to keep oil prices from going down.