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The Morning Look

ByGary Kaltbaum

Market Update:

Stock futures are a little lower ahead of Tuesday’s open. The Dow fell 6 days in a row as it continues consolidating its recent post-brexit rally and a ton of earnings continue to be released. Overnight, Japan announced its fiscal stimulus plan which disappointed some investors and Australia’s Central Bank Cut rates to a record low 1.5%.

Gary’s Thoughts: Quiet small pullback pre-market. No biggie! Oils act much better than the commodity so if oil prices can get bid, thinking best oil names should be reviewed.

Economic Data:

  • Motor Vehicle Sales
  • Rob Kaplan Speaks 6:15 AM ET
  • Personal Income and Outlays 8:30 AM ET
  • Gallup US ECI 8:30 AM ET
  • Redbook 8:55 AM ET
  • 4-Week Bill Auction 11:30 AM ET

Highlights:

  • Dimon Says European Regulators Should Let Banks Do Their Job
    Gary’s Thoughts:If they did, they would go out of business.
  • Half of NYC’s Voters Don’t Want De Blasio Re-Elected, Poll Says
    Gary’s Thoughts: Corrupt,cronyistic amateur!