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The Morning Look

ByGary Kaltbaum

Market Update:

Stock futures are up triple digits ahead of Thursday’s open as investors look for more easy money from the Bank of England and the latest round of earnings.

Gary’s Thoughts: As we wrote last night: “A sit day…nothing wrong with that…and tomorrow, the UK will announce more easing…thus…?” Thus means another gap to the upside. The breakout from 18 months of nausea still in gear. Don’t forget a Fedhead talked about “helicopter money” yesterday.

Economic Data:

  • Jobless Claims 8:30 AM ET
  • PPI-FD 8:30 AM ET
  • Bloomberg Consumer Comfort Index 9:45 AM ET
  • James Bullard Speaks 10:00 AM ET
  • EIA Natural Gas Report 10:30 AM ET
  • Dennis Lockhart Speaks 11:15 AM ET
  • Esther George Speaks 1:15 PM ET
  • Fed Balance Sheet 4:30 PM ET
  • Money Supply 4:30 PM ET
  • James Bullard Speaks 6:40 PM ET
  • Robert Kaplan Speaks 7:00 PM ET

Highlights:

  • Investors Now Pay Germany to Borrow for 10 Years
    Gary’s Thoughts: This will end well!
  • Poll: Trump, Clinton Are Neck-and-Neck in Ohio and Iowa
    Gary’s Thoughts: Considering the media mauling Trump, amazing. Tells you quality of other candidate.