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The Morning Look

ByGary Kaltbaum

Market Update:

Stock futures are quiet ahead of Friday’s open as the market waits for the always fun (and fake) jobs report.

Gary’s Thoughts: Blah fake job’s number. Another half million people leave workforce…thus unemployment number at 4.7%. Tired of talking Fed. Just remember, for ever, bad news is good news for markets as central banks continue to up the ante.

Economic Data:

  • Charles Evans Speaks
    3:45 AM ET
  • Employment Situation
    8:30 AM ET
  • International Trade
    8:30 AM ET
  • PMI Services Index
    9:45 AM ET
  • Factory Orders
    10:00 AM ET
  • ISM Non-Mfg Index
    10:00 AM ET
  • Lael Brainard Speaks
    12:30 PM ET
  • Baker-Hughes Rig Count
    1:00 PM ET

Highlights:

  • OPEC Keeps Status Quo After Failing to Agree on Output Cap
    Gary’s Thoughts: Just watch price!
  • Draghi Says Feeble Reforms Hurt Recovery
    Gary’s Thoughts: The man and the rest of the bubble makers do not have a clue to the outcome of their experiment with trillions of dollars of conjured up money, let alone 0% rates, negative rates and the outright buying up of markets by central banks.