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The Morning Look

ByGary Kaltbaum

Market Update:

Stock futures are lower ahead of Tuesday’s open as the market pauses to digest the recent and strong post brexit rally.

Gary’s Thoughts: Watch gold in here…6 weeks tight range above 50 day. A breakout will be just that. Oh my goodness, futures are down.  Wesuggest we saw some froth past few days…a deserved rest would be just fine.

Economic Data:

  • Consumer Price Index 8:30 AM ET
  • Housing Starts 8:30 AM ET
  • Redbook 8:55 AM ET
  • Industrial Production 9:15 AM ET
  • E-Commerce Retail Sales 10:00 AM ET
  • Dennis Lockhart Speaks 12:30 PM ET

Highlights:

  • Hedge Funds Are Losing Endowments After Exodus of Pensions, On Lousy Performance
    Gary’s Thoughts: Performance is everything.
  • Tim Cook says Apple won’t repatriate money to US ‘until there’s a fair rate’
    Gary’s Thoughts: Hear that Washington?