Another beautiful day today and the forecast is no relief in sight! Yesterday's stock indexes saw "solid gains in lower trade" and today's futures are either ecstatic at +1.24 or going into mixed/profit taking. Whatever, at least we can tell that metals are settling back into their 3-month bases and gold/silver are now at $1,132.10/$15.37.
Reports:--
10:00 AM Factory Orders
5:00 PM Auto Sales
5:00 PM Truck Sales
--and:
- Here's why the company behind Keystone just asked for a delay Fortune - 4 hours ago Putting it on ice will forestall any move by the outgoing President to kill the pipeline project. Faced with dimming prospects for approval, the Canadian company behind the proposed Keystone XL pipeline chose to plead with the U.S.
- U.S. Production Finally Starting To Drop Significantly While the Permian basin continues to post production gains, elsewhere in the United States we are seeing a significant drop in crude production Oilprice.com
- Dr. Doom calls bubble, adding to gloomy calls The Federal Reserve has inflated an asset bubble and that's going to damp market returns, perma-bear Marc Faber, publisher of The Gloom, Boom & Doom Report, told CNBC Tuesday. CNBC
- Cashin says: THIS will weigh on stocks CNBC's Bob Pisani and Art Cashin, of UBS, discuss Chinese manufacturer numbers and the current market conditions. CNBC Video
- Here’s Why So Many Retirees Are Still Working It’s essentially a non-story that Donald Trump, at age 70 in January 2017, would become the oldest first-term president ever sworn in. At age 69 at the time of her potential inauguration, Hillary Clinton would be just eight months younger than the current record holder, Ronald Reagan. After all,… The Fiscal Times