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The Morning Look

ByGary Kaltbaum

Market Update:

Stock futures are lower ahead of Thursday’s open as the market pulls back ahead of GDP and Yellen’s speech on Friday.

Gary’s Thoughts: A little more downside off of yesterday. Tomorrow, Yellen speaks. Hope she gets laryngitis.

Economic Data:

  • Durable Goods Orders 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:

  • Gold and Silver stocks fell hard on Wednesday
    Gary’s Thoughts: Saw it coming but that was harsh.
  • Ford to Recall 91,000 Cars to Fix Fuel-Pump Issue
    Gary’s Thoughts: Recall city!