The Closing Look
Stocks were quiet on Tuesday as investors digested the latest round of earnings and economic data as the Fed began its two day meeting. On average economic data was somewhat positive with some strong data coming from the housing market. Separately, earnings data continues to be mixed as earnings roulette continues (some stocks gap up…
The Era of Global Empires Is Over for Big Banks
http://www.bloomberg.com/graphics/2016-global-banks/
Florida Driver in Fatal Tesla Crash Using Autopilot Was Speeding
http://www.bloomberg.com/news/articles/2016-07-26/florida-driver-in-fatal-tesla-crash-using-autopilot-was-speeding
Appetite for U.S. Debt Is Weakest Since 2009 in Lead-Up to Fed
http://www.bloomberg.com/news/articles/2016-07-26/appetite-for-u-s-debt-is-weakest-since-2009-in-lead-up-to-fed
Mother of slain son on illegal immigration @FoxBusiness
http://www.foxbusiness.com/politics/2016/07/26/mother-dead-cop-illegal-immigration-putting-americans-at-risk.html
U.S. consumer confidence steady; new home sales near eight-and-a-half-year high
http://www.reuters.com/article/us-usa-economy-idUSKCN1061TK
Fed seen holding rates steady as inflation watch continues
http://www.reuters.com/article/us-usa-fed-idUSKCN1060D5
Losing the X-factor: Hyundai fumbles in U.S. as former hit car Elantra stalls
http://www.reuters.com/article/us-hyundai-motor-elantra-idUSKCN1062CM?il=0
The Morning Look
Market Update: Stock futures are a little higher ahead of Wednesday’s open as investors wait for the Fed and the latest round of economic and earnings data to be released. Gary’s Thoughts: But NDX futures up nicely off of crappy Apple numbers…but they said things will get better. Apple up $7…which helps Dow and NDX…with…