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The Morning Look

ByGary Kaltbaum

Market Update:

Stock futures are quiet ahead of Friday’s open as the market pauses to digest this week’s strong rally. GDP comes out at 8:30 and Yellen speaks at 1:15, just in time ahead of the long weekend. Stocks will be closed on Monday for Memorial Day.

Gary’s Thoughts: The positive bias continues. Have a great 3 day weekend.

Economic Data:

  • GDP 8:30 AM ET
  • Corporate Profits 8:30 AM ET
  • Consumer Sentiment 10:00 AM ET
  • Baker-Hughes Rig Count 1:00 PM ET
  • Janet Yellen Speaks 1:15 PM ET

Highlights:

  • Japan Said to Push to Add ‘Crisis’ Language to G-7 Communique
    Gary’s Thoughts: Crisis? What crisis?
  • Pending Sales of U.S. Existing Homes Rise by Most Since 2010
    Gary’s Thoughts: Ping pong, back and forth!