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Friday’s Pre-Market Look:

ByGary Kaltbaum
1 Comment

Market Update:

Stock futures are quiet before Friday’s open as investors digest a busy week of Central Banks, Earnings and the always fun jobs report.

Gary’s Thoughts: NDX futures down because of Amazon down $35 but everything else a wee bit. Financials reacting to Trump saying they are immediately doing something about financial regulations. Financials had been distributed past couple weeks.

 

Economic Calendar:

  • Employment Situation 8:30 AM ET
  • Charles Evans Speaks 9:15 AM ET
  • PMI Services Index 9:45 AM ET
  • Factory Orders 10:00 AM ET
  • ISM Non-Mfg Index 10:00 AM ET
  • Baker-Hughes Rig Count 1:00 PM ET

Highlights:

  • Amazon Stock Plunges on Revenue Miss
    Gary’s Thoughts:  Guidedn poorly.
  • Madoff Victims’ Recovery Tops $9.7 Billion with New Payout
    Gary’s Thoughts:  Unreal. At the outset, there was worry there would be nothing.

One Comment

  1. The financial are at resistance,,, ( a natural stall point).

    If we hold here for a few days, then if the banks break up,,,,
    we will very likely rally for another leg higher..

    Hold yur breath.

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