| | |

The Morning Look

ByGary Kaltbaum
1 Comment

Market Update:

Stock futures are lower ahead of Wednesday’s open as the market continues to digest last week’s very strong rally.

Gary’s Thoughts: Oh my God…futures are down. BTW…shippers assinine move gain this morning before the market opens. This is what happens when some do 1/10,000 split. DO NOT BE THE LAST ONE IN!

Economic Calendar:

  • James Bullard Speaks 3:00 AM ET
  • MBA Mortgage Applications 7:00 AM ET
  • Neel Kashkari Speaks 7:30 AM ET
  • PPI-FD 8:30 AM ET
  • Industrial Production 9:15 AM ET
  • Atlanta Fed Business Inflation Expectations 10:00 AM ET
  • Housing Market Index 10:00 AM ET
  • EIA Petroleum Status Report 10:30 AM ET
  • Treasury International Capital 4:00 PM ET
  • Patrick Harker Speaks 5:30 PM ET

Highlights:

  • Thanksgiving Travel to Hit Post-Recession High
    Gary’s Thoughts: Think of doing something for someone you need absolutely nothing from.
  • Steve Forbes: Big Tax Cut Will Spur an Economic Boom
    Gary’s Thoughts: We love Steve and agree.
  • Mortgage applications tank 9% as post-election rates soar
    Gary’s Thoughts: Will get worse.

One Comment

  1. Yoda looks at the market and says,,, “Humm… ”

    The market is,, badly extended, trend up, looking like it wants to tip over.
    The dollar is very badly extended, trend up, looking like it wants to go even higher..

    Does this mean if the badly extended dollar pulls back, will the market rally to a condition of even more over bought.. ?
    Or..
    Does it mean, as the dollar pulls back, will the market will pull back with a falling dollar ?

    Dunno….

    Yoda says:
    Maybe it’s a good time to be in cash….

Comments are closed.