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The Morning Look

ByGary Kaltbaum

Stock Market Overview:

U.S. stock futures are up triple digits before Monday’s open as the Christmas countdown continues. The economic calendar will be light during this shortened holiday week. The big data point will be the final reading of Q3 gross domestic product (GDP) (8:30 am  Tuesday). In observance of the Christmas holiday. Stocks in the U.S. will close at 1pm EST on Thursday (Chirstmas Eve) and all U.S. markets and banks will be closed on Friday.
Gary’s Thoughts: The holiday rally off of oversold conditions on cue.

Economic Data:

  • Chicago Fed National Activity Index 8:30  AM EST

Gary’s Thoughts: No biggie!

Highlights Of The Day:

    • Report Card: Clinton Still Leader of the Democratic Pack
      Gary’s Thoughts: Leader of none!
    • Trump Predicts U.S. Economic ‘Bubble’ could soon burst
      Gary’s Thoughts:Must be reading our reports!
    • ‘Star Wars’ Smashes Box Office Records
      Gary’s Thoughts:LOVED IT…LOVED IT…LOVED IT.
    • U.S. Gasoline falls below $2/gallon for the first time in 6 years
      Gary’s Thoughts: LOVE IT! But where is the spending from it.