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The Morning Look

ByGary Kaltbaum

Market Update:

Stock futures are down big ahead of Monday’s open as Friday’s strong sell-off continues.

Gary’s Thoughts: Amazingly, after one big down day, Fedhead Lockhart already out trying to roll back potential for a rate hike. Leave no doubt that these buzzards are watching and reacting to one thing and one thing only…markets. They know they cannot have markets drop.

 

Economic Data:

  • Dennis Lockhart Speaks 8:00 AM ET
  • Neel Kashkari Speaks 1:00 PM ET
  • Lael Brainard Speaks 1:00 PM ET
  • 3-Yr Note Auction 1:00 PM ET
  • 10-Yr Note Auction 1:00 PM ET

Highlights:

  • Hillary is being treated for pneumonia
    Gary’s Thoughts: That’s today’s excuse. Don’t blink!
  • North Korea slams sanctions for latest nuclear test as ‘laughable’
    Gary’s Thoughts: Who?
  • TRUMP: Janet Yellen should be ‘ashamed’ of what she’s doing to the country: Gary’s Thoughts: It’s not Yellen. It’s Bernanke who started this nonsense though Yellen was a party to it.