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The Morning Look

ByGary Kaltbaum

Market Update:

Stock futures are slightly higher ahead of Friday’s open as investors wait for the always fun (and fake) jobs report.

Gary’s Thoughts: The fake job’s number was much better than expected after being much owrse than expected last month. Futures have jacked to the upside as we write this. We think markets wanted to edge up no matter what from here but don’t blink. But that pales this morning as we have a tragedy in Dallas this morning as our courageous police community was attacked. Luike anyone who is targeted or anyone who is innocently targeted, our prayers are with you.

Economic Data:

  • Employment Situation 8:30 AM ET
  • Baker-Hughes Rig Count 1:00 PM ET
  • Consumer Credit 3:00 PM ET
  • Treasury STRIPS 3:00 PM ET

Highlights:

  • Jobs Report in U.S. to Get Extra Scrutiny in Post-Brexit World
    Gary’s Thoughts: Fake numbers!
  • Minnesota Governor Dayton Seeks DOJ Inquiry of Police Shooting
    Gary’s Thoughts: Absolutely!