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The Morning Look

ByGary Kaltbaum

Stock Market Overview: 

Futures are down before Friday’s open as the market pauses to digest last week’s strong rally. In the last week, the benchmark S&P 500 soared over 120 points or over 6.6%. That is not “normal” bull market action and moves of that size typically occur during bear market rallies. Gary has done a fantastic job of navigating this difficult market for you as he called the top perfectly for you in the latter half of 2015 for stocks and called the short term low last Thursday on 2.11.16.

Gary’s Thoughts: Already getting mushy!

Economic Data:

  • Loretta Mester Speaks 8:00 AM ET
  • Consumer Price Index 8:30 AM ET
  • Baker-Hughes Rig Count 1:00 PM ET

Highlights Of The Day:

    • Wal-Mart Is Still Outshined by Amazon Despite Spending Billions
      Gary’s Thoughts: World is a changing.
    • Citigroup Plans Argentina, Brazil Retail-Banking Exit
      Gary’s Thoughts: For a good reason!