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US Futures are Slightly Lower This Morning Following Second Quarter GDP Data

US futures are slightly lower this morning following second quarter GDP data and as investors weighed more corporate earnings.  US GDP showed the economy grew at a rate of 2.6 percent in the second quarter which met estimates.  In corporate earnings, a miss on the bottom line for Amazon is pressuring the stock premarket.  Other major companies of the S&P 500 that reported include Intel and Exxon with Intel reporting a beat while Exxon missed estimates.  Markets in Asia closed mixed with the Nikkei closing lower while the Shanghai index edged higher.  European markets are trading lower led by the CAC.

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16 Hits

US Futures are Higher This Morning After Better Than Expected Earnings out of a few Major Corporations

US futures are higher this morning after better than expected earnings out of a few major corporations.  Shares of Verizon, Facebook, MasterCard, Procter & Gamble and Gilead are all trading higher in the pre-markets following better than expected earnings.  In economic data, weekly jobless claims came in at 244,000 compared to estimates of 240,000.  Markets in Asia closed mostly higher led by the Hang Seng while European markets are trading lower led by the DAX.

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19 Hits

US Futures are Higher This Morning as Investors Weighed Corporate Earnings

US futures are higher this morning as investors weighed corporate earnings.  Strong earnings out of Coca Cola and Boeing will help boost markets.  The Fed’s two day meeting ends today and investors await the Fed’s decision on interest rates and the unwinding of the balance sheet.  Markets in Asia closed higher led by the Nikkei and European markets are trading higher led by the CAC.   

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17 Hits

US Futures are Higher This Morning as Investors Look to Corporate Earnings for Direction

US futures are higher this morning as investors look to corporate earnings for direction.  Caterpillar reported earnings that beat on the top and bottom lines and shares are up sharply in the premarket, giving the Dow a boost.  Other earnings released include Alphabet, MMM and McDonalds which all beat analysts’ estimates.  In economic data, the Case-Shiller Home Price index rose just 5.5% which is below estimates.  Later today we will get consumer confidence data.  Markets in Asia closed mostly lower led by the Shanghai index while European markets are trading higher led by the CAC.  

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19 Hits

US Futures are Slightly Lower Ahead of Economic Data and After the IMF Lowered Their US GDP Forcast

US futures are slightly lower ahead of economic data and after the IMF lowered their US GDP forecast.  The IMF now sees 2017 US GDP at 2.1% from a prior 2.3% and 2018 to come in at 2.1% from 2.5%.  Later this morning, we will be getting Flash Composite PMI and existing home sales data.  Most Asian markets closed higher led by the Shanghai and the Hang Seng index.  European markets are trading lower led by the FTSE as automakers lagged.        

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29 Hits

US Futures are Lower This Morning as Earnings Season Chugs Along

US futures are lower this morning as earnings season chugs along.  Major names that reported earnings include General Electric, Honeywell and Schlumberger which all beat on the top and bottom lines.  No major economic data is due out today.  Markets in Asia closed lower led by the Nikkei.  European markets are trading down led by the DAX.

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24 Hits

US Futures are Slightly Higher as Investors Weighed Corporate Earnings, Economic Data and the ECB's Decision to Keep Rates Unchanged

US futures are slightly higher as investors weighed corporate earnings, economic data and the ECB’s decision to keep rates unchanged.  Markets in Europe are trading higher led by the FTSE and the DAX after the ECB left rates unchanged.  Investors will be focused on comments from ECB President Mario Draghi when he speaks later today.  In economic data, the Philly Fed Index fell to 19.5 compared to estimates of 22 while weekly jobless claims came in at 233,000 compared to estimates of 245,000.  Markets in Asia closed higher led by the Nikkei as the yen traded lower after the Bank of Japan lowered their inflation outlook.  

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29 Hits

US Futures are Higher This Morning as Investors Weighed Housing Data and Corporate Earnings

US futures are higher this morning as investors weighed housing data and corporate earnings. Companies reporting major earnings before the bell included Morgan Stanley which reported a beat on the bottom line.  In economic data, housing starts came in at a seasonally adjusted rate of 1.215 million compared to estimates of 1.16 million.  Markets in Asia closed mostly higher led by the Shanghai index and European markets are trading higher led by the FTSE.    

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28 Hits

US Futures are Slightly Lower This Morning as Investors Focus on Earnings for Direction

US futures are slightly lower this morning as investors focus on earnings for direction.  Major bank earnings continued with Bank of America and Goldman Sachs reporting better than expected results.  In economic data, import prices fell 0.2 percent which met expectations.  News that the GOP is giving up on replacing Obamacare now and just looking to repeal it is adding pressure to global markets.  Markets in Asia closed mostly higher led by the Shanghai index.  European markets are trading lower led by the DAX.

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31 Hits

US Futures are Slightly Higher This Morning as Investors Await Corporate Earnings for Direction

US futures are slightly higher this morning as investors await corporate earnings for direction.  About 68 S&P 500 companies will report earnings this week after a few major banks kicked off earnings season on Friday.  In economic data, the New York Fed’s Empire State manufacturing index fell to 9.8 compared to estimates of 15.  Markets in Asia closed mostly lower led by the Shanghai index which closed lower despite better than expected GDP data out of China.  European markets are trading mostly lower led by the DAX.

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28 Hits

US Futures are Trading Mixed This Morning as Investors Weighed Bank Earnings and Economic Data

US futures are trading mixed this morning as investors weighed bank earnings and economic data.  Major banks that reported earlier this morning include Wells Fargo, JP Morgan and Citigroup with all 3 banks beating on the bottom line.   However, Wells Fargo missed on revenues and the other two banks posted a decline in trading revenue.  In economic data, retail sales fell 0.2% compared to estimates of a 0.1% rise and CPI came in flat which is worse than expected.  Oil continues to move higher with crude and Brent trading up slightly.  Markets in Asia closed mostly higher led by the Hang Seng and European markets are trading slightly lower led by the DAX.

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33 Hits

US Futures Are Slightly Higher This Morning Ahead of Fed Chair Yellen’s Second Day Speaking to Congress

US futures are slightly higher this morning ahead of Fed Chair Yellen’s second day speaking to Congress.  Markets rose in the previous session following comments from Yellen which were viewed as dovish.  In economic data, the US producer price index rose 0.1% which is better than expected and weekly jobless claims were slightly higher than expected.  Asian markets closed higher led by the Shanghai index following good trade data out of China.  Markets in Europe are trading mostly higher led by the CAC.

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36 Hits

US Futures are Higher This Morning Following Comments From Fed Chair Yellen

US futures are higher this morning following comments from Fed Chair Yellen.  Yellen said they will likely unwind the Fed’s balance sheet this year while staying dovish on rate hikes despite low inflation.  Futures are also getting a boost from higher oil prices with Brent up about 1.5% and crude up around 2%.  Markets in Asia closed mixed with the Nikkei lower while the Hang Seng closed up.  European markets are trading higher led by the CAC as they track US futures.  

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43 Hits

US Futures are Lower This Morning as Investors Weighed Economic Data

US futures are lower this morning as investors weighed economic data.  The NFIB small business optimism index fell to 103.6 in June after coming in at 104.5 in May.  Other data that will be released today include the JOLTS jobs data and wholesale trade data.  Oil prices are trading slightly lower this morning as oversupply fears continue to linger.  Asian markets closed mostly higher led by the Hang Seng and the Nikkei as the yen traded lower.  Markets in Europe are trading lower led by the FTSE on the back of lower oil prices.

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32 Hits

US Futures are Slightly Higher This Morning as Investors Await the Start of Earnings Season This Week

US futures are slightly higher this morning as investors await the start of earnings season this week.  No major economic data is due out today.  Oil prices continue to fall as both Brent and crude are down roughly 1% each.  Markets in Asia closed mostly higher with the Nikkei leading the way while the Shanghai index closed lower.  European markets are trading higher led by the DAX.

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31 Hits

The US Added 222,000 Jobs Compared to Estimates of 179,000 and the Unemployment Rate Rose to 4.4 Percent

US futures are higher this morning following a better than expected jobs report.  The government jobs report showed the US added 222,000 jobs compared to estimates of 179,000 and the unemployment rate rose to 4.4 percent.  A sharp drop in oil prices caused by news of further increase in US production weighed on the energy sector.  Brent and crude are trading down about 1.75% each.  Asian markets closed mostly lower led by the Hang Seng and markets in Europe are trading mostly lower on the back of lower oil prices.  

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46 Hits

US Futures are Lower This Morning as Tech Shares Fell and the Private Jobs Report Missed Expectations

US futures are lower this morning as tech shares fell and the private jobs report missed expectations.  The ADP/Moody’s Analytics private jobs report showed 158,000 were added compared to estimates of 185,000.  Later today we will also get data for ISM manufacturing.  Brent and crude oil are trading higher as they bounce back from yesterday’s session and Treasury yields are higher as European yields move up.  Markets in Asia closed mostly lower led by the Nikkei and European markets are trading lower led by the CAC.

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42 Hits

US Futures are Slightly Higher This Morning Ahead of the Release of the Fed's June Minutes

US futures are slightly higher this morning ahead of the release of the Fed’s June minutes.  Investors will be focused on these minutes as this was a meeting where the Fed raised rates for the second time this year.  Economic data due out later today includes factory orders which are expected to show a 0.7 percent drop.  Oil prices dropped after Russia decided against deeper production cuts.  Markets in Asia closed higher led by the Shanghai index and European markets are trading mostly flat.  

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42 Hits

US Futures are Higher This Morning in What is Expected to be a Low Volume Shortened Trading Day

US futures are higher this morning in what is expected to be a low volume shortened trading day.  The NYSE will close at 1 pm today and markets will be closed tomorrow for the July 4th holiday.  Investors will be looking forward to Markit and ISM data as well as construction spending which will all be released later this morning.  Markets in Asia closed slightly higher after China’s Caixin manufacturing PMI came in better than expected and European markets are trading higher led by the CAC.    

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40 Hits

US Futures are Slightly Higher as Tech Stocks Look to Rebound Following Yesterday's Selloff

US futures are slightly higher as tech stocks look to rebound following yesterday’s selloff.  The technology sector has been pressured over the past month after being the best performing sector over the first half of the year in the S&P.  In economic data, personal income rose more than expected in May and later this morning we will get Chicago PMI data along with consumer sentiment.  Asian markets closed mostly lower led by the Nikkei.  The Shanghai index closed up slightly after China’s PMI came in better than expected.  Markets in Europe are trading mostly higher with the CAC leading the way.    

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40 Hits

US Futures are Mixed This Morning With the Dow and the S&P Higher While The NASDAQ is Lower

US futures are mixed this morning with the Dow and the S&P higher while the NASDAQ is lower.  US bank stocks are going to open higher after the banks passed the capital planning part of their annual stress tests from the Fed.  In economic data, the final read on first quarter GDP showed the US grew at a 1.4 percent rate and weekly jobless claims came in at 244,000 which was higher than expected.  Markets in Asia closed higher led by the Hang Seng and European markets are trading mixed with the FTSE higher while the DAX and the CAC are trading lower.  

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46 Hits

US Futures are Slightly Higher This Morning After the ECB Reassured Investors Following Comments Yesterday From Draghi

US futures are slightly higher this morning after the ECB reassured investors following comments yesterday from Draghi.  Markets were pressured yesterday following Draghi’s statements which were viewed as being hawkish.  The pressure from across the pond along with news that the Senate’s healthcare plan vote was delayed caused markets to drop sharply intraday.  In US economic data, mortgage applications fell 6% and later today we will get pending home sales data.  Markets in Asia closed lower led by the Hang Seng and European markets are trading mixed as the DAX is lower while the FTSE is slightly higher.       

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43 Hits

US Futures are Lower This Morning as Technology Stocks Weighed With Google Leading The Way Down

US futures are lower this morning as technology stocks weighed with Google leading the way down.  Google shares are lower this morning after they were hit with a $2.7 billion fine by European Union regulators on charges that the company used their Google search function to benefit their Google Shopping services.  Google representatives said they will consider an appeal.  In economic data, US home prices rose 5.5%which missed estimates. Later today we will get consumer confidence.  Asian markets closed mostly higher led by the Nikkei and markets in Europe are trading lower led by the CAC.

 

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45 Hits

US Futures are Slightly Higher This Morning as Oil Prices Look to Stabilize

US futures are slightly higher this morning as oil prices look to stabilize.  Brent and crude oil prices are up slightly but they are both hovering around 52 week lows after concerns of increased supply weighed on prices.  In economic data, durable goods fell 1.1 percent compared to estimates of a 0.6 percent drop.  Asian markets closed mostly higher led by the Shanghai and markets in Europe are trading higher led by the CAC.    

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56 Hits

US Futures are Slightly Lower Ahead of Key Economic Data

US futures are slightly lower ahead of key economic data.  Later this morning we will get manufacturing PMI, services PMI and new home sales.  Investors will also be waiting to hear what a few Fed speakers say about the economy and the Fed’s monetary policy.  Markets in Asia closed mostly higher led by the Shanghai index and European markets are trading lower following euro zone PMI which shows slower growth in the region.  

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46 Hits

US Futures are Slightly Lower as Investors Remain Cautious with Oil Prices Hovering Around Recent Lows

US futures are slightly lower as investors remain cautious with oil prices hovering around recent lows.  Oil is up slightly in early morning trade but the recent correction has many investors concerned over growth and inflation numbers.  In economic data, weekly jobless claims came in at 241,000 compared to estimates of 240,000.  Markets in Asia closed lower led by the Shanghai index as lower oil prices pressured markets there.  European markets are trading lower led by the FTSE.

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61 Hits

US Futures are Slightly Lower This Morning as Investors Grew More Concerned About Lower Oil Prices

US futures are slightly lower this morning as investors grew more concerned about lower oil prices.  All 3 major US indices fell yesterday as oil fell, going into correction territory following yesterday’s 2 % drop.  Crude is trading around $43.50 and Brent is right around $46.00 a barrel.  In economic data, mortgage applications rose 0.6 percent and later today we will get data for existing home sales.  Markets in Asia closed mostly lower on the fall in oil prices except for the Shanghai index which closed higher after MSCI decided to add China A shares to its benchmark emerging market index.  European markets are trading lower led by the CAC.

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70 Hits

US Futures are Slightly Lower This Morning After Yesterday’s Rally led by the Tech Sector

US futures are slightly lower this morning after yesterday’s rally led by the tech sector.  No major economic data is due to be released today but lower oil prices continue to pressure markets.  Later today we will get speeches out of a few Fed members which may give investors clues as to where the Fed stands in terms of policy.  Investors will also look ahead to House Speaker Ryan’s speech on tax reform which is set for 12:45 pm today.  Markets in Asia closed mostly higher with the Nikkei leading the way up.  European markets are trading flat to lower on lower oil prices.

 

 

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58 Hits

US Futures are Slightly Higher This Morning as They Track the Move in Global Markets

US futures are slightly higher this morning as they track the move in global markets.  Markets in Europe are trading higher on the back of news that French President Macron won a majority of the seats in the National Assembly over the weekend.  The CAC and the DAX are both trading up about 1 percent on the back of this news.  Asian markets closed higher led by the Hang Seng.  No major economic data is due out in the US today and investors will look ahead to speeches from Fed officials. 

 

 

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55 Hits

US Futures Are Flat Despite Poor Housing Numbers

US futures are flat despite poor housing numbers.  Housing starts unexpectedly fell by 5.5% in May to an annualized rate of 1.092 million, well below consensus estimates.  Food retailers are being pressured this morning as Amazon announced their intention to purchase Whole Foods.  European shares are higher led by auto stocks as new cars sales continue to improve.  Asian shares closed mostly higher after the BOJ left their policy unchanged.

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62 Hits

US Futures are Lower This Morning on the Back of a Sell-Off in Technology Stocks

US futures are lower this morning on the back of a sell-off in technology stocks.  FAANG stocks are trading lower in the premarket as investors grow concerned over valuations.  Investors are also weighing the effects of the Fed’s decision to hike rates yesterday.  Asian markets closed mostly lower led by the Hang Seng.  Markets in Europe are trading lower with all 3 major indices trading down over 1 percent.

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61 Hits

US Futures are Slightly Higher as Investors Await the Fed's Interest Rate Decision Following Their Two Day Meeting

US futures are slightly higher as investors await the Fed’s interest rate decision following their two-day meeting.  The Fed’s two-day meeting will end at 2:00 pm with an announcement to follow.  Fed Chair Yellen will speak following the meeting and investors will look for detail on the Fed’s balance sheet as well as future rate increases.  In economic data, the consumer price index for May came in below estimates and retail sales also came in below estimates.  Markets in Asia closed mostly lower led by the Shanghai index and European markets are trading higher led by the DAX.            

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69 Hits

US Futures are Slightly Higher This Morning as Tech Stocks Look to Bounce Back From a Two-Day Slide

US futures are slightly higher this morning as tech stocks look to bounce back from a two-day slide.  The FAANG stocks are trading higher in the premarket after a sharp two-day selloff which saw Apple fall over 6 percent and Facebook fall over 4 percent.  In economic data, the NFIB small business index came in 104.5 compared to estimates of 104 and later today we will get the latest producer price index.  Asian markets closed mostly higher with the Shanghai index leading the way.  Markets in Europe are trading higher led by the DAX.

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55 Hits

US Futures are Lower This Morning as Tech Stocks Continue to Fall

US futures are lower this morning as tech stocks continue to fall.  Tech stocks sold off last Friday as large cap tech stocks gave up some of their gains with Apple closing down close to 4 percent and the sector overall was down 2.7 percent.  Higher oil prices helped offset some of the tech losses with both Crude and Brent up close to 2 percent.  Asian markets closed lower led by the Hang Seng and markets in Europe are trading lower with the DAX and the CAC down 1 percent each.

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68 Hits

US Futures are Slightly Higher This Morning as Investors Weighed the Results of the UK Election

US futures are slightly higher this morning as investors weighed the results of the UK election.  The Conservative party in the UK lost their majority in parliament following yesterday’s snap election.  This was not the expected result but stock markets globally are mostly ignoring the results here.  Markets in Europe are trading higher led by the FTSE as the pound falls following the results of the election.  Asian markets closed mostly higher led by the Nikkei.

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64 Hits

US Futures are Slightly Higher After ECB Holds Steady on Rates

US futures are slightly higher after ECB holds steady on rates.  The ECB held rates unchanged as expected and reiterated that they are prepared to act further if needed as inflation remains subdued.  In U.S. economic news, initial jobless claims fell to 245,000, slightly above expectations of 241,000.  Markets will be watching former FBI Director James Comey testify in the Senate for potential market moving news.  European shares are mixed after the ECB announcement and the market awaits Parliament election results in the U.K.  Asian shares closed mostly higher on better trade data in China.

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68 Hits

US Futures are Higher as Mortgage Applications Bounce from Recent Weakness

US futures are higher as mortgage applications bounce from recent weakness.  The Mortgage Bankers’ Association reported that applications for mortgages rose 10% last week, bouncing from 3 straight weeks of declines.  European shares are being led higher by bank shares as Santander agreed to buy Banco Popular.  Asian shares closed mixed as investors were cautious with several potential global catalysts on Thursday.

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61 Hits

US Futures are Slightly Lower This Morning as Investors are Cautious Ahead of Thursday’s Market Moving Events

US futures are slightly lower this morning as investors are cautious ahead of Thursday’s market moving events.  In the US, we will get the testimony of former FBI Director James Comey.  In Europe, we will get an announcement from the ECB along with the UK elections.  Asian markets closed mixed with the Nikkei closing lower while the Shanghai index closed higher.  European markets are trading lower led by the DAX.  Later today, we will get the JOLTs jobs report. 

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48 Hits

US Futures are Slightly Lower as Investors Await Economic Data for Direction

US futures are slightly lower as investors await economic data for direction.  Economic data due out later this morning include services PMI and ISM non manufacturing for May.  All 3 major US indices closed at record highs on Friday despite a worse than expected government jobs report and oil prices falling.  Oil is down again today as investors are concerned over tensions among a few Middle East countries and Qatar.  Markets in Asia closed mostly lower led by the Shanghai index and European markets are trading lower led by the CAC. 

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59 Hits

Lee DeLorenzo Named to Barron’s 2017 “Top 100 Women Financial Advisors” List for 8th Consecutive Year.

Lee DeLorenzo, CFP®, CPWA®, President of United Asset Strategies, Inc., a wealth management firm based in Garden City, NY, has been named as one of Barron’s 2017 Top 100 Women Financial Advisors in the country for the eighth year in a row.

“It’s an absolute honor to be included among the top women financial advisors in the country”, DeLorenzo says.  For 37 years, Lee has been a steward to her clients and staff and has always remained fiercely independent, acting as a fiduciary in all that she does.  In Lee’s words, “At United Asset Strategies, we always put our clients first. We are committed to exceptional service and prudent, disciplined daily money management.”

Lee began her financial service career in 1979 and since then has turned a family business into one of the most successful advisory companies in the country.  Lee’s extensive experience in investment consulting provides the platform for a variety of money management styles and her financial planning background produces a holistic tax-sensitive, personal approach to active money management.

The Barron’s ranking reflects data provided by the nation’s top advisors and incorporates the volume of assets overseen by the advisor and their team, revenues generated for the firm and the quality of the advisors' practice.  For more information about Lee DeLorenzo, CFP®, CPWA® and United Asset Strategies, Inc., please call 516-222-0021, or visit www.unitedasset.com.

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62 Hits

US Futures are Flat This Morning After Paring Gains Following the Monthly Jobs Report

US futures are flat this morning after paring gains following the monthly jobs report.  The US jobs report came in at 138,000 jobs added compared to estimates of 185,000 with the unemployment rate falling to 4.3 percent.  Lower oil prices also added to the pessimism as Brent and crude oil are both down about 2 percent in early trade.  The US’s decision to withdraw from the Paris Agreement creates concerns that there will be more drilling out of the US.  Markets in Asia closed mostly higher led by the Nikkei and European markets are trading higher led by the DAX. 

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71 Hits

US Futures are Slightly Higher Following a Stronger Than Expected ADP Jobs Report

US futures are slightly higher following a stronger than expected ADP jobs report.  The ADP private jobs report came in at 253,000 compared to estimates of 185,000.  In other data, weekly jobless claims came in at 248,000 compared to estimates of 239,000 and later today we will get ISM manufacturing, manufacturing PMI and construction spending data.  Asian markets closed mostly higher led by the Nikkei while the Shanghai index closed lower following a weaker than expected Caixin PMI number.  Markets in Europe are trading higher with the CAC leading the way.     

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79 Hits

All 3 Major Indices are Looking to Close the Month of May Higher Despite Oil Falling

US futures are higher this morning despite falling oil prices.  All 3 major indices are looking to close the month of May higher despite oil falling.  Crude and Brent are both down around 2 percent as investors continue to be concerned over rising output and a shorter than expected cut out of OPEC.  Later this morning we will get economic data for pending home sales and the Chicago PMI.  The Fed Beige Book will also be released later today.  Asian markets closed mixed with the Nikkei lower while the Shanghai closed higher on better than expected PMI numbers out of China.  European markets are trading higher led by the DAX. 

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77 Hits

US Futures are Slightly Lower This Morning as Investors Weighed Economic Data and Lower Oil Prices

US futures are slightly lower this morning as investors weighed economic data and lower oil prices.  Economic data released earlier this morning include personal income which came in line with expectations and consumer spending rose 0.4 percent which is the most in 4 months.  Later today, we will get consumer confidence data for May.  Oil prices continue to move lower with crude down over 1 percent and Brent down nearly 2 percent in early trade.  Markets in Asia closed flat to lower and European markets are trading down led by the CAC.

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89 Hits

US Futures are Lower This Morning as Investors Weighed First Quarter GDP and Durable Goods Data

US futures are lower this morning as investors weighed first quarter GDP and durable goods data.  Economic data released this morning include the first revision to first quarter GDP which showed the economy grew at a pace of 1.2 percent compared to estimates of 0.7 percent and durable goods data fell less than expected.  Later this morning we will also get consumer sentiment for May.  Markets in Asia closed mostly flat to lower with the Nikkei leading the way down on the back of lower oil prices.  European markets are trading mixed as the DAX is leading the way lower while the FTSE is trading higher.  

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73 Hits

US Futures are Higher This Morning as Investors Weighed the Fed Minutes and OPEC’s Production cut Deal

US futures are higher this morning as investors weighed the Fed minutes and OPEC’s production cut deal.  Markets closed higher yesterday after the Fed’s May meeting minutes showed the Fed officials were mostly in unison on their method of unwinding the Fed’s large balance sheet when that time comes.  That optimism seems to be rolling into futures this morning despite OPEC’s decision to only extend production cuts 9 months which is less than expected.  Oil prices are lower on the news out of OPEC.  In economic data, weekly jobless claims came in at 234,000 compared to estimates of 237,000.  Asian markets closed higher led by the Shanghai as they tracked the previous US session.  Markets in Europe are trading mostly lower as a drop in oil prices weighed on markets there.

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67 Hits

US Futures are Slightly Higher Ahead of the Fed Minutes that will be Released Later Today

US futures are slightly higher ahead of the Fed minutes that will be released later today.  Investors will be looking through the Fed’s May meeting minutes to find clues on potential upcoming rate hikes.  The CME’s FedWatch tool is currently pricing in an 83 percent probability of a rate hike in June.  Markets in Asia closed higher led by the Nikkei and European markets are trading mixed as the FTSE is the only major market trading higher.  Later today, existing home sales will be released.      

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67 Hits

US Futures are Slightly Higher as Markets Continue to Recover From Last Week’s Sharp one day Selloff

US futures are slightly higher as markets continue to recover from last week’s sharp one day selloff.  Investors will be looking ahead to economic data which include new home sales and Markit Flash US Composite PMI data which are both due to be released later this morning.  Markets in Asia closed mostly lower with the Shanghai index leading the way.  European markets are trading higher despite the news of the terrorist attack in Manchester as strong economic data drives stocks higher.    

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66 Hits

US Futures are Slightly Higher This Morning as Oil Continues to Move Higher

US futures are slightly higher this morning as oil continues to move higher.  Oil is up ahead of this week’s OPEC meeting with crude trading above $51 a barrel and Brent trading above $54 a barrel.  No major economic data is due out today and earnings season is winding down.  Markets in Asia closed mostly higher led by the Hang Seng while the Shanghai index closed down slightly.  European markets are trading higher with the FTSE leading the way on the back of higher oil prices.

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64 Hits

US Futures are Higher This Morning as Oil Looks to be Stabilizing

US futures are higher this morning as oil looks to be stabilizing.  Brent and crude oil are both up over 1 percent in early trade as crude is looking to break back above $50 a barrel.  Major corporate earnings released today include Deere which reported a big beat on the top and bottom lines.  Asian markets closed mostly flat as investors there remain cautious with the political turmoil in the US.  Markets in Europe are trading slightly higher led by the CAC.      

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75 Hits

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