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The Morning Look

ByGary Kaltbaum

Market Update:

Stocks futures are higher ahead of Tuesday’s open as investors digest another volatile session on Wall Street. Elsewhere, the U.S. Fed and the Bank of Japan both began their latest meetings that are scheduled to conclude tomorrow.

Economic Data: Sell off big gain yesterday and get mini-gap to upside today.

  • FOMC Meeting Begins
  • Housing Starts 8:30 AM ET
  • Redbook 8:55 AM ET
  • 4-Week Bill Auction 11:30 AM ET

Highlights:

  • Police Capture Suspect Sought in New York-Area Bombings
    Gary’s Thoughts: Maybe the athletes that think it is ok to piss on men and women in uniform can give them some cred for capturing this scumbag so quickly.
  • Wells Fargo’s Chief Risk Officer for Retail Bank Takes Leave
    Gary’s Thoughts: Leave of absence. Will be a long absence. We usually are not in camp of just getting rid of someone but we think CEO should be gone also. This was no small occurrence.