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The Morning Look

ByGary Kaltbaum

Market Update:

Stock futures are quiet ahead of Friday’s open as the market digests the very strong bounce after the Brexit sell-off.

Gary’s Thoughts: Bank of England announces cutting rates..continues the amazing turnaround. More on the weekend. Happy July 4th!

Economic Data:

  • Motor Vehicle Sales
  • PMI Manufacturing Index 9:45 AM ET
  • ISM Mfg Index 10:00 AM ET
  • Construction Spending 10:00 AM ET
  • Loretta J. Mester Speaks 11:00 AM ET
  • Baker-Hughes Rig Count 1:00 PM ET

Highlights:

  • EU Calls for ‘Orderly’ Brexit at Historic Meeting Minus U.K.
    Gary’s Thoughts:Doesnt matter.
  • S&P cuts rating on EU to ‘AA’ after Brexit
    Gary’s Thoughts: Doesnt matter.