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The Morning Look

ByGary Kaltbaum

Market Update:

Futures are higher ahead of Tuesday’s open as investors digest Monday’s strong rally. Janet Yellen will testify to Congress on Tuesday and Wednesday and the Brexit vote is Thursday.

Gary’s Thoughts: Smaller gap to upside this morning. We hear it is all bout the Brexit. A poll of 50 people says… We have no clue what happens but figure as usual, they are overdoing it. Market did get distributed yesterday off the huge gap with financials still horrid.

Economic Data:

  • Redbook
    8:55 AM ET
  • Janet Yellen Speaks
    10:00 AM ET
  • Jerome Powell Speaks
    2:30 PM ET

Highlights:

  • Cleveland’s NBA Finals Victory Draws Record Audience for ABC
    Gary’s Thoughts: What about my Knicks?
  • A Quick Trip to the Oil Patch Shows Energy-Related Losses Rising
    Gary’s Thoughts: That will continue.
  • Trump Removes Corey Lewandowski as Campaign Manager
    Gary’s Thoughts: The Donald had better get act in gear or it will be President crook!