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The Morning Look

ByGary Kaltbaum

Market Update:

Stock futures are higher ahead of Tuesday’s open as investors wait the Fed to wrap up its meeting on Wednesday and continue to digest latest round of earnings data.

Gary’s Thoughts: Dollar is indeed sinking here with commodities with little gaps to the upside. A weaker dollar, in the past, has been a buffer for markets.  Election…numbers are tightening.

Economic Calendar:

  • Motor Vehicle Sales
  • FOMC Meeting Begins
  • Redbook 8:55 AM ET
  • PMI Manufacturing Index 9:45 AM ET
  • ISM Mfg Index 10:00 AM ET
  • Construction Spending 10:00 AM ET
  • Gallup US ECI 2:00 PM ET

Highlights:

  • Thiel Defends Trump Support, Says U.S. Needs Outsider President
    Gary’s Thoughts:  It does…nit sure he’s the one but we will know soon.
  • Corporate America just had the biggest deal-making month ever
    Gary’s Thoughts: Some say this is a negative sign for market.