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The Morning Look

ByGary Kaltbaum

Market Update:

Stock futures are lower ahead of Friday’s open after retail sales missed estimates and the market pauses to digest the recent and strong post brexit rally.

Gary’s Thoughts: More fantastic economic data.

Economic Data:

  • PPI-FD 8:30 AM ET
  • Retail Sales 8:30 AM ET
  • Business Inventories 10:00 AM ET
  • Consumer Sentiment 10:00 AM ET
  • Baker-Hughes Rig Count 1:00 PM ET

Highlights:

  • Retail sales flat, miss estimates +0.4%. Gary’s Thoughts: Sure, the Fed is going to raise rates in September 
  • No One Was Paid Off: Sanders Buys Lakefront Home for Nearly $600,000
    Gary’s Thoughts: Money Talks