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The Morning Look

ByGary Kaltbaum

Market Update:

Futures are higher ahead of Thursday’s open as investors wait for the outcome of the much anticipated Brexit vote. The United Kingdom will vote in a referendum to decide whether Britain will remain in the European Union (the referendum is known as the “Brexit”). Polls will open at 2 a.m. EDT and close at 5 p.m. EDT on June 23. There is no official exit poll. The final result is expected at approximately 1 a.m. EDT on Friday, June 24

Gary’s Thoughts: As we told you yesterday, futures up nicely off of new polls showing REMAIN in the EU. We hate the fact we have to be held hostage with something like this and beleive the masses have used scare tactics on how bad things would be if the UK decided to leave. But looks like that isnt going to happen. So another gap to the upside….stay tuned!

Economic Data:

  • Jobless Claims 8:30 AM ET
  • Chicago Fed National Activity Index 8:30 AM ET
  • PMI Manufacturing Index Flash 9:45 AM ET
  • Bloomberg Consumer Comfort Index 9:45 AM ET
  • New Home Sales 10:00 AM ET
  • Leading Indicators 10:00 AM ET
  • EIA Natural Gas Report 10:30 AM ET
  • Fed Balance Sheet 4:30 PM ET
  • Money Supply 4:30 PM ET
  • Robert Kaplan Speaks 6:30 PM ET
  • Brexit Vote

Highlights:

  • Clinton Foundation Said to Be Breached by Russian Hackers
    Gary’s Thoughts: Even the Russians are holding their nose!
  • Trump Bashes Clinton, Clinton Bashes Trump
  • Gary’s Thoughts: 6th grade nonsense!
  • Burger King Jumps Into Snack-Brand Hybrids With Mac ’n Cheetos
    Gary’s Thoughts: Why not? Chocolate cheetos?