| | |

The Morning Look

ByGary Kaltbaum
1 Comment

Stock Market Overview: 

Futures are higher ahead of Friday’s open as investors digest a busy week of central bank meetings. The big take-away is that nearly every major central bank in the world remains committed to their easy money stance.

Gary’s Thoughts:  Bad news being bought! (CAT) Good news being bought big! (FDX) We will leave it at that as in a nutshell, it describes what we are seeing. Don’t argue. We will have our usual award winning weekend report Sunday. 

Economic Data:

  • William Dudley Speaks 9:00 AM ET
  • Consumer Sentiment 10:00 AM ET
  • Atlanta Fed Business Inflation Expectations 10:00 AM ET
  • Eric Rosengren Speaks 11:00 AM ET
  • Baker-Hughes Rig Count 1:00 PM ET
  • James Bullard Speaks 3:00 PM ET

Highlights Of The Day:

  • Dow Industrial Average Turned Positive For 2016
    Gary’s Thoughts: Don’t blink!

One Comment

  1. Oils look very overbought imo at this stage and due for a pull back. But yes, pullbacks being bought but in what appear to be rotation style as you called it.

Comments are closed.