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The Morning Look

ByGary Kaltbaum

Market Update:

Stock futures are flat before Thursday’s open after the ECB left rates unchanged and extended QE until December 2017. The ECB is currently buying 80 billion euros a month and it will start buying 60 billion euros in April-Dec 2017. Next week the Fed will meet and we’ll see what they do.

Gary’s Thoughts: All’s quiet but yesterday…damn! Screw the ECB and the rest. Plain tired of them. Watching oils here as they just broke out of big bases and now rest. Oil prices will have to go north to get them going.

Economic Calendar:

  • Jobless Claims 8:30 AM ET
  • Bloomberg Consumer Comfort Index 9:45 AM ET
  • Quarterly Services Survey 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

Highlights:

  • Trump slams union leader at Carrier and gets a response
    Gary’s Thoughts: Oh this is going to be fun!
  • Trump picks wrestling magnate Linda McMahon to lead Small Business Administration
    Gary’s Thoughts: McMahon spent tens of billions trying to get in government. Finally gets there. ONE-TWO-THREE!