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The Morning Look

ByGary Kaltbaum

Market Update:

Stock futures are higher ahead of Wednesday’s open as the market continues its recent and robust post-brexit rally.

Gary’s Thoughts: microsoft doing the job this morning as their wonderful 7% sales drop is better than the expected sales drop. Yes…that was sarcasm. Futures up as Europe up nicely. The breakout of the dow and s&p combined with huge amount of sideline cash still in play.

Economic Data:

  • Bank Reserve Settlement
  • MBA Mortgage Applications 7:00 AM ET
  • EIA Petroleum Status Report 10:30 AM ET

Highlights:

  • Trump Wants Former Goldman Banker Munchin for Treasury Secretary
    Gary’s Thoughts: Another Goldman guy!
  • Verizon, Quicken, Vector Among Most Likely to Win Yahoo
    Gary’s Thoughts: Yahoo? Are they still around?