The Closing Look
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The Closing Look

Stocks rallied on Wednesday, helping the Dow Jones Industrial Average come within striking distance of 20,000. Once again, Financials, Industrials and transportation stocks led the way higher and have largely been the primary beneficiaries of the post election rally. FedEx (FDX) and Nike (NKE) are both schedule to report earnings after the bell. Gary’s Thoughts:…

The Morning Look
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The Morning Look

Market Update: Stock futures are flat before Wednesday’s open as the Dow closed just below 20k yesterday. Gary’s Thoughts: Up a smidge…very close. 20,000…yippee. Economic Calendar: Bank Reserve Settlement MBA Mortgage Applications 7:00 AM ET Existing Home Sales 10:00 AM ET  EIA Petroleum Status Report 10:30 AM ET Highlights: VW Reaches Deal for Emissions-Cheating Audi,…

The Morning Look
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The Morning Look

Market Update: Stock futures are flat to higher  before Thursday’s open as investors digest the second Fed rate hike in a decade. Gary’s Thoughts: Rates continue to spike. Dollar continues to rise. Commodities starting to fall because of this. Financials barely budged yesterday as they continue to get the tailwind of expanding short vs long…