| | |

The Morning Look

ByGary Kaltbaum
1 Comment

Stock Market Overview: 

Futures are lower ahead of Monday’s open as investors digest last week’s rally and OPEC’s decision not to freeze production.

Gary’s Thoughts: Futures down but not as bad as last night. A sit back and watch day. MS earnings and sales were terrible but guess what? They beat the number. The stock is up a wee bit. Remember what we told you about how guidance came down markedly throughout the quarter.

Economic Data:

  • William Dudley Speaks 8:30 AM ET
  • Housing Market Index 10:00 AM ET
  • Neel Kashkari Speaks 12:30 PM ET
  • Eric Rosengren Speaks 7:00 PM ET

Highlights Of The Day:

    • Corporate tax dodging costs US $111B a year: Study
      Gary’s Thoughts: If it is legal… 
    • Two deadly quakes hit southern Japan
      Gary’s Thoughts: We love Japan. We wish all well. Same for Ecuador.

One Comment

  1. What’s most important, beyond any fundamentals, is the shape of the market.

    Until further notice, the stock market is;
    …extended trend up, with layers, and layers of support underneath it…

Comments are closed.