The Morning Look

Market Update:

Stock futures are slighter lower ahead of Thursday’s open as the market has to deal with Tuesday’s sell-off and then Wednesday’s rally and wait for Friday’s always fun (and fake) jobs report.

Gary’s Thoughts: Weather already hitting. We suspect in our area 75-90 mph winds later tonight.  Keeping fingers crossed. One note: TWTR down 18% this morning as all the talk of someone buying them out was all to naught. Just a point to make on being careful. Lots of noise out of Wall Street sometimes never comes to fruition.

Economic Calendar:

• Chain Store Sales
• Challenger Job-Cut Report 7:30 AM ET
• Jobless Claims 8:30 AM ET
• Gallup Good Jobs Rate 8:30 AM ET
• Bloomberg Consumer Comfort Index 9:45 AM ET
• EIA Natural Gas Report 10:30 AM ET
• Fed Balance Sheet 4:30 PM ET
• Money Supply 4:30 PM ET

Highlights:

• The Glow of QE Is Fading and Some Major Central Banks Want a Way Out
  Gary’s Thoughts:
• After Battering Haiti and Bahamas, Matthew Hits Florida
  Gary’s Thoughts: