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The Morning Look

ByGary Kaltbaum
2 Comments

Market Update:

Stock futures are slightly lower before Thursday’s open as investors wait for a flurry of economic data to be released, including the final read on Q3 GDP.

Gary’s Thoughts: Uber removed self driving cars from San Fran. Good! We despise the idea of self driving cars…because computers cannot react like people. Futures flat but MU ups numbers…decent gap to upside. While there has been deterioration in new highs and A/D, so far, no biggie as it is normal for markets to rest after the Trump move. We continue to like Trump’s approach to the “business” of government. Remember, in the past, politicians have abused the taxpayer on a daily basis. Maybe things have changed. What a concept…someone in power caring about taxpayer dollar.

Economic Calendar:

  • Durable Goods Orders 8:30 AM ET
  • GDP 8:30 AM ET
  • Jobless Claims 8:30 AM ET
  • Chicago Fed National Activity Index 8:30 AM ET
  • Corporate Profits 8:30 AM ET
  • FHFA House Price Index 9:00 AM ET
  • Bloomberg Consumer Comfort Index 9:45 AM ET
  • Personal Income and Outlays 10:00 AM ET
  • Leading Indicators 10:00 AM ET
  • EIA Natural Gas Report 10:30 AM ET
  • Kansas City Fed Manufacturing Index 11:00 AM ET
  • Fed Balance Sheet 4:30 PM ET
  • Money Supply 4:30 PM ET

Highlights:

  • Donald Trump has officially tapped billionaire Carl Icahn as special advisor to the President on regulatory reform.
    Gary’s Thoughts: Cool.
  • Trump Extracts Pledge From Boeing on Air Force One Costs
    Gary’s Thoughts: Taxpayer wins.

2 Comments

  1. Hopefully Trump brings a private sector attitude to the Federal public sector workforce. They have no fear of jobless for unproductive job performance, let alone job loss for outright incompetence! Way to generous benefits packages and retirement benefits too! Unsustainable!!!

  2. Boring,,, yawn.
    Watching; waiting for the dollar to break …..

    Up ?
    Down ?

    It ain’t breaking…(,).
    Yet !

    Q: When the dollar moves, will spy and the major indexes follow the dollar, or go opposite ?
    A: Dunno, don’t care.

    If the dollar breaks up, the golds will break down.
    Go short.
    If the dollar breaks down, the golds, and ,commodities will break up.
    Go long.

    We are, after all, in a competition to glean federal reserve notes, based upon educated stock market judgments.
    It matters not what we bet on…

    What matters is that we bet….. right.

    Watch the dollar, avoid the indexes, stick with the commodities.

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