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The Morning Look

ByGary Kaltbaum
1 Comment

Market Update:
Futures are lower ahead of Wednesday’s open as investors pause to digest Monday’s strong rally and Tuesday’s steep decline. Lots of areas of the market are beginning to roll over and any further selling will signal real trouble for the market.

Gary’s Thoughts: Nothing thrilling to talk about this morning and now another retailer (Target) coughs one up.

  • MBA Mortgage Applications 7:00 AM ET
  • Atlanta Fed Business Inflation Expectations 10:00 AM ET
  • EIA Petroleum Status Report 10:30 AM ET
  • FOMC Minutes 2:00 PM ET

Highlights:

  • LendingClub Tumbles After Investors Suspend Debt Purchases
    Gary’s Thoughts: Party over. We have been skeptical of these types of companies for a couple of years.
  • Bill Clinton Says He’s Asked for Role in Wife’s Administration
    Gary’s Thoughts: Go away!

One Comment

  1. Merrill Lynch Private Clients have been net sellers of equities a record 16 consecutive weeks eclipsing the previous record of 14 weeks in a row ending starting in December of 2008 and ending March of 2009. I think this is an interesting contrary indicator.

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