| | |

The Morning Look

ByGary Kaltbaum

Market Update:

Stocks futures are higher ahead of Wednesday’s open after the Bank of Japan announced more easy money measures to stimulate markets. They are targeting their yield curve and left the door open for more easy money. The new catch phrase is YCC or Yield curve control because the BoJ wants to help inflation get and stay above 2%. In the U.S., investors wait to hear from the Federal Reserve.

Economic Data: Futures up as Japan did blah blah blah…and the fed will say blah blah blah!

  • MBA Mortgage Applications 7:00 AM ET
  • EIA Petroleum Status Report 10:30 AM ET
  • FOMC Meeting Announcement 2:00 PM ET
  • FOMC Forecasts 2:00 PM ET
  • Fed Chair Press Conference 2:30 PM ET

Highlights:

  • Wells Fargo CEO Heard of Unethical Sales Tactics in 2013
    Gary’s Thoughts: If true, he should be gone.
  • West Virginia Opens Medicaid Fraud Case into Mylan
    Gary’s Thoughts: Mylan=crosshairs.