The Morning Look
Market Update:
Stock futures are up nicely ahead of Monday’s open after the FBI said Clinton was all clear from the latest email scandal. Now the world waits for the outcome of Tuesday’s much anticipated election.
Gary’s Thoughts: Nicely isnt the word…strong is better but markets were extremely oversold and due to bounce anyhow. The Comey decision just helped it along. Keep in mind, market reaction is about Hillary keeping easy money spigot as Trump has stated the opposite. More after the close. Careful here.
Economic Calendar:
- Gallup US Consumer Spending Measure 8:30 AM ET
- Labor Market Conditions Index 10:00 AM ET
- TD Ameritrade IMX 12:30 PM ET
- Charles Evans Speaks 2:45 PM ET
- Consumer Credit 3:00 PM ET
- Treasury STRIPS 3:00 PM ET
Highlights:
- Buy Gold No Matter Who Wins the Election, HSBC Says
Gary’s Thoughts: Only buy gold if it is in a bull market. It is not bullish right now. - FBI says Clinton is all clear- after latest scandal
Gary’s Thoughts: We can be sarcastic but will hold our tongue on this until tonight.