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Jan 4th 2019 Free Friday Pre market Prep



Good morning
After yesterdays drop in the markets off of AAPL's disappointing guidance equities are gapping off of an update and China US trade talks and hope that we are getting closer to agreeing to a trade deal. There is still a long way to go and these negotiations could take months if not years before there is a final comprehensive agreement but there could be some compromise along the way. After AAPL's warning the upcoming earnings season is looking like it could be critical in helping determine the next sustained move in equities.

A couple of events that could move equities today include the Fed chair Powell speaking but it is doubtful he will say anything significant. Regardless the market will be listening. The other is the employment situation and there will be focus on any wage inflation. After a disappointing ISM number yesterday a disappointing jobs number or increased wage inflation could weigh on equities today.

Huge jobs number beat and the market is trying to determine if that is a good or bad thing for equities. We were looking at a decent gap open and now equities seem to be pulling back a bit.


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*Stocks on the radar today *









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Today's Economic Calendar
8:30 Non-farm payrolls
9:45 PMI Services Index
10:15 Jerome Powell Speech
10:15 Fed's Bostic Speech
10:30 EIA Natural Gas Inventory
11:00 EIA Petroleum Inventories
1:00 PM Baker-Hughes Rig Count
8:00 Fed's Williams Speech on Saturday
10:15 Fed's Bostic Speech on Saturday