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The Morning Look

ByGary Kaltbaum

Market Update:

Stock futures plunged nearly 900 points over night and are now bouncing back after the Trump victory.

Gary’s Thoughts: That’s not a bounceback. That’s a monstrous reversal.

Economic Calendar:

  • Bank Reserve Settlement
  • MBA Mortgage Applications 7:00 AM ET
  • Wholesale Trade 10:00 AM ET
  • EIA Petroleum Status Report 10:30 AM ET
  • Neel Kashkari Speaks 1:30 PM ET
  • John Williams Speaks 9:00 PM ET

Highlights:

  • Finally the highly contentious 2016 election is over
    Gary’s Thoughts: Can we now get back to watching fruit loops ads?
  • Markets react to Trump victory
    Gary’s Thoughts: Don’t blink!