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Wednesday’s Morning Look

ByGary Kaltbaum

Market Update:

Stock futures are quiet ahead of Wednesday’s open as stocks continue to hit fresh record highs.

Gary’s Thoughts: Futures down a wee bit as we write this.  Not much else to report…interest rates backing up a little more here. Recent attempted break to the upside in bonds has been stopped dead in its tracks.

Economic Calendar:

  • MBA Mortgage Applications 7:00 AM ET
  • Consumer Price Index 8:30 AM ET
  • Retail Sales 8:30 AM ET
  • Empire State Mfg Survey 8:30 AM ET
  • Industrial Production 9:15 AM ET
  • Atlanta Fed Business Inflation Expectations 10:00 AM ET
  • Business Inventories 10:00 AM ET
  • Housing Market Index 10:00 AM ET
  • Janet Yellen Speaks 10:00 AM ET
  • EIA Petroleum Status Report 10:30 AM ET
  • Eric Rosengren Speaks 12:00 PM ET
  • Harker Speaks 12:45 PM ET
  • Treasury International Capital 4:00 PM ET
  • William Dudley Speaks 7:15 PM ET

Highlights:

  • Yellen Sees More Rate Hikes Ahead If Economy Stays on Course
    Gary’s Thoughts:
  • Steel Resurgence Seen Fizzling as China’s Property Market Slows
    Gary’s Thoughts: