The Morning Look
Market Update:
Stocks futures gave back earlier gains and are now relatively unchanged ahead of Tuesday’s open as the market digests Monday night’s first Presidential Debate.
Economic Data: Futures were up nicely overnight but now flat. We will have a complete wrap up on our thoughts on the debate tonight. Market icky here.
- Redbook 8:55 AM ET
- S&P Case-Shiller HPI 9:00 AM ET
- PMI Services Flash 9:45 AM ET
- Consumer Confidence 10:00 AM ET
- Richmond Fed Manufacturing Index 10:00 AM ET
- State Street Investor Confidence Index 10:00 AM ET
- Stanley Fischer Speaks 11:15 AM ET
- 4-Week Bill Auction 11:30 AM ET
- 5-Yr Note Auction 1:00 PM ET
Highlights:
- 1st Presidential Debate Is Finally Over
Gary’s Thoughts: Should have watched football. - Shares of Germany’s Deutsche Bank Hit A New Record Low
Gary’s Thoughts: This is important…very important.
Gary says, Market icky,,,,
Yoda said,” the market will rally,” and the market did rally.
Yoda looks at the force, and the force says, “rally to end of month, after, in early October,, maybe a little pull back, then, rally into elections.
You are still looking at technicals, Gary buddy, technicals are as old fashioned as fundamentals.
The new way to figure market direction, is simple, just read,,,,
the mind of the fed.