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The Morning Look

ByGary Kaltbaum

Market Update:

Stock futures are nicely lower ahead of Friday’s open as the market continues trading in a relatively tight range just below record highs.

Gary’s Thoughts: Yuck open. We shall see what comes of it. Remember, tight range, low volatility and a lot of bullishness. One other note…Apple will not give out numbers on new Iphone. 1+1=2!

Economic Data:

  • Eric Rosengren Speaks 7:45 AM ET
  • Rob Kaplan Speaks 9:30 AM ET
  • Baker-Hughes Rig Count 1:00 PM ET
  • Rob Kaplan Speaks 8:15 PM ET

Highlights:

  • Wells Fargo Is Fined $185 Million Over Unapproved Accounts
    Gary’s Thoughts: This is an unreal story.
  • Fed Urges U.S. Ban on Wall Street Buying Stakes in Companies
    Gary’s Thoughts: Morons. Does the Fed not like capitalism?