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The Morning Look

ByGary Kaltbaum
1 Comment

Market Update:

Stock futures are slighter higher ahead of Wednesday’s open as investors digest Tuesday’s sell-off and wait for Friday’s always fun (and fake) jobs report.

Gary’s Thoughts: Oil prices remain stronger…gold bounces after yesterday’s disaster…economic numbers soften…markets remain nauseatingly rangebound.

Economic Calendar:

  • MBA Mortgage Applications 7:00 AM ET
  • ADP Employment Report 8:15 AM ET
  • International Trade 8:30 AM ET
  • Gallup U.S. Job Creation Index 8:30 AM ET
  • Neel Kashkari Speaks 9:30 AM ET
  • PMI Services Index 9:45 AM ET
  • Factory Orders 10:00 AM ET
  • ISM Non-Mfg Index 10:00 AM ET
  • EIA Petroleum Status Report 10:30 AM ET
  • Jeffrey Lacker Speaks 1:00 PM ET
  • Jeffrey M. Lacker Speaks 5:00 PM ET

Highlights:

  • Google Unveils New Phone “Pixel” With Unlimited Storage To Combat Apple’s iPhone 7
    Gary’s Thoughts: May be an important moment.
  • Yahoo Secretly Scanned Customer Emails for U.S. Intelligence
    Gary’s Thoughts: Where is the justice department?

One Comment

  1. My market signals are a mix of confusion.
    The market simply does not know…

    We are obviously at resistance, but my counter signal says we could break up more easily than break down.
    However we can break down, but if we do, the break down will be weak.

    Simply put:
    There is a tad of fear in the market short term, but the market do not seem to be very worried about it.

    The ringer, really is not a ringer at all.
    The ringer is the dollar.
    Dollar up, market down…..
    Dollar down, market up…..

    The ringer ain’t really a ringer,,, cause;
    if the dollar goes up, the fed will crap it’s pants and drive the dollar right back down, and the market will go right back up.

    Anti Semite signing off.
    Over and out. Got to go clean my Walther P-38

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