The Closing Look
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The Closing Look

Stocks fell hard on Tuesday, giving back Monday’s rally, alongside other so-called “risk-on” markets. Oil prices plunged after the The International Energy Agency (IEA) reduced their outlook for oil in 2017. The IEA said the global economy is slowing down due to lackluster demand and supply remains very strong. That is a perfect recipe for lower…

The Morning Look
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The Morning Look

Market Update: Stock futures are a little higher ahead of Wednesday’s open as investors digest a volatile three day’s on Wall Street. Gary’s Thoughts: About .3% higher this morning. Another body blow yesterday. Economic Data: Bank Reserve Settlement Market Focus MBA Mortgage Applications 7:00 AM ET Import and Export Prices 8:30 AM ET EIA Petroleum Status Report 10:30 AM ET…

The Morning Look
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The Morning Look

Market Update: Stock futures are down big ahead of Tuesday’s open as investors digest a volatile two day’s on Wall Street. Gary’s Thoughts: But…futures down decently. Volatility is back and the mantra “don’t blink” is back. Central bank-controlled markets. Economic Data: NFIB Small Business Optimism Index 6:00 AM ET Redbook 8:55 AM ET 4-Week Bill Auction 11:30 AM ET…

The Morning Look
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The Morning Look

Market Update: Stock futures are down big ahead of Monday’s open as Friday’s strong sell-off continues. Gary’s Thoughts: Amazingly, after one big down day, Fedhead Lockhart already out trying to roll back potential for a rate hike. Leave no doubt that these buzzards are watching and reacting to one thing and one thing only…markets. They know…