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The Morning Look

ByGary Kaltbaum

Market Update:

Stock futures are quiet ahead of Wednesday’s open as the market continues trading near record highs.

Gary’s Thoughts: Dollar/discount retail, Gold, silver, metals, mining, steel, utilities, reits (not all), retail (many), tobacco, other consumer staples,auto part retail, lots of healthcare…..notice more and more areas under pressure here. Does not mean the end of the world especially with financials getting good money flows. Just paying attention.

Economic Data:

  • Bank Reserve Settlement
  • Eric Rosengren Speaks 3:15 AM ET
  • MBA Mortgage Applications 7:00 AM ET
  • Neel Kashkari Speaks 8:00 AM ET
  • ADP Employment Report 8:15 AM ET
  • Chicago PMI 9:45 AM ET
  • Pending Home Sales Index 10:00 AM ET
  • EIA Petroleum Status Report 10:30 AM ET
  • Farm Prices 3:00 PM ET
  • Charles Evans Speaks 3:15 PM ET

Highlights:

  • SpaceX to Reach Another Milestone With Re-Use of Rocket Booster
    Gary’s Thoughts: Hoping for success.
  • Lamborghini Pivots to Target Women and Families
    Gary’s Thoughts: At $300,000 a pop?