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The Morning Look

ByGary Kaltbaum

Market Update:

Stock futures are edging higher ahead of Wednesday’s open as the market continues its strong post Brexit rally.

Gary’s Thoughts: Earnings in droves soon. Pay attention. Yesterday, lagging areas got the good bid. When the floor picks up…everything picks up.

Economic Data:

  • MBA Mortgage Applications 7:00 AM ET
  • Import and Export Prices 8:30 AM ETRobert Kaplan Speaks 9:00 AM ET
  • Atlanta Fed Business Inflation Expectations 10:00 AM ET
  • EIA Petroleum Status Report 10:30 AM ET
  • 30-Yr Bond Auction 1:00 PM ET
  • Beige Book 2:00 PM ET
  • Treasury Budget 2:00 PM ET
  • Patrick Harker Speaks 6:00 PM ET

Highlights:

  • Dow hits new all-time intraday high as market puts Brexit fears behind
    Gary’s Thoughts: Brexit…what’s that?
  • Five people suspected of shooting at police arrested in Washington DC
    Gary’s Thoughts: War on police will continue…sickening.