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The Morning Look

ByGary Kaltbaum

Market Update:

Stock futures are a little lower ahead of Thursday’s open as investors digest the latest round of earnings data and wait for Friday’s Bank of Japan Meeting.

Gary’s Thoughts: Tons of earnings. Interesting that FB had what we consider a monster quarter…was $132-plus but now trades under $128. Amazon and Google after the close. Two important names.

Economic Data:

  • International Trade in Goods 8:30 AM ET
  • Jobless Claims 8:30 AM ET
  • Bloomberg Consumer Comfort Index 9:45 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:

  • Fed Begins Crawl Toward Rate Hike With Near-Term Risks Diminishing – Bloomberg
    Gary’s Thoughts: Horsecrap!
  • Berkshire’s Apple Bet Is Back in the Black After Rally
    Gary’s Thoughts: We forgot to mention Apple…little distribution off the gap. Numbers still stink but will be watching how it trades after the gap.