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The Morning Look

ByGary Kaltbaum

Market Update:

Stock futures are a little higher ahead of Thursday’s open as investors digest a volatile week on Wall Street.

Gary’s Thoughts: Futures up a wee bit. Apple gets numbers raised as the stock is back in favor for the first time in since summer of 15…but still decently below old highs. Again, short term damage done but not sure more than this. Worst areas recently interest rate sensitive areas like utilities, real estate.

Economic Data:

  • Weekly Bill Settlement
  • Jobless Claims 8:30 AM ET
  • PPI-FD 8:30 AM ET
  • Retail Sales 8:30 AM ET
  • Philadelphia Fed Business Outlook Survey 8:30 AM ET
  • Empire State Mfg Survey 8:30 AM ET
  • Current Account 8:30 AM ET
  • Industrial Production 9:15 AM ET
  • Bloomberg Consumer Comfort Index 9:45 AM ET
  • Business Inventories 10:00 AM ET
  • EIA Natural Gas Report 10:30 AM ET
  • Fed Balance Sheet 4:30 PM ET
  • Money Supply 4:30 PM ET

Highlights:

  • Ben Bernanke: ‘Premature’ to count out negative rates
    Gary’s Thoughts: We had better not comment on this.
  • Pimco Accuses Bill Gross of Leaking Confidential Bonus Records
    Gary’s Thoughts: The earth will not shake over this.