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The content of this post was created by the Hammerstone Group. The Hammerstone Institutional Forum, a chat-based platform for traders, provides subscribers with up-to-the-minute breaking news headlines and instant analysis that drive the market. For more information please visit www.thehammerstone.com. For more information on the stocks mentioned in the Hammerstone Recap, please contact Brian Ducey at brian@thehammerstone.com.

The Hammerstone Group

January 21, 2020

Early Look: Tuesday, January 21, 2020

U.S. stocks are moving lower, as reports indicate more than 200 people have been infected by a new coronavirus outbreak, and four have died, which a Chinese government official said can be spread from human to human.

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The Hammerstone Group

January 16, 2020

Early Look: Thursday, January 16, 2020

Stocks futures are moving higher, on track for new record highs for U.S. stocks a day after record setting territory for major averages as Donald Trump signed a US-China trade deal that has allayed fears of an extended trade year.

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The Hammerstone Group

January 9, 2020

Early Look: Thursday, January 9, 2020

U.S. stock futures are adding to yesterday gains, pushing major averages into record territory as tensions over the Middle East fade after U.S. President Donald Trump said he would not take military action in response to Iran launching missiles but not causing any American casualties (though said he would impose heavy sanctions). Iran said it was done with military action in retaliation for the U.S. killing of a top general.

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The Hammerstone Group

January 7, 2020

Early Look: Tuesday, January 7, 2020

U.S. stock futures are edging higher, building on yesterday’s strong rebound which saw the Dow Jones Industrial Average stage a 300-point recovery off its morning lows, as investors took advantage of a small market decline following increased geopolitical tensions between the U.S. and Iran.

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The Hammerstone Group

January 2, 2020

Early Look: Thursday, January 2, 2020

Global stocks are higher, starting the New Year in bullish form, helped overnight after China announced measures to boost its economy after saying it will cut banks’ reserve requirement ratio (RRR) by 50 basis points, effective Jan. 6 (the move would bring the level for big banks down to 12.5%).

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The Hammerstone Group

December 19, 2019

Early Look: Thursday, December 19, 2019

Stocks appear on track for a higher open after closing mixed on the session late Wednesday, with the Dow and S&P 500 falling into the red just minutes before the close snapping the 5-day win streaks for each, while the Nasdaq manages an almost 0.1% increase, closing at a record 8,827.73.

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The Hammerstone Group

December 12, 2019

Early Look: Thursday, December 12, 2019

U.S. futures are pointing to a modestly higher open, looking to add to yesterday’s gains after snapping its two-day losing streak after the Federal Reserve signaled that interest rates will remain unchanged throughout 2020.

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The Hammerstone Group

November 26, 2019

Early Look: Tuesday, Nov. 26, 2019

Stock futures are flat across the board, with major averages maintaining the strong gains from Monday amid no major developments or stories overnight to disrupt the bullish market theme of trade optimism into the holiday shortened week.

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The Hammerstone Group

November 19, 2019

Early Look: Tuesday, November 19, 2019

Stocks are pointing to another higher open, looking to add to the record gains across the board for major averages, with the S&P 500 index looking to add to its current 5-day win streak, build upon positive trade news as the Trump administration issued a 90-day extension allowing U.S. companies to continue doing business with China’s Huawei.

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The Hammerstone Group

November 11, 2019

What’s on Tap Weekly Calendar: Nov. 11 – 15, 2019

Monday November 11th: Economic Calendar: No major economic data released today; 8:15 AM EST Fed’s Rosengren speaks in Ohio. Earnings Calendar: Earnings Before the Open: BATRA, CRR, FOLD, FWONA, LSXMA, NINE; Earnings After the Close: DXC, FGEN, GLIBA, GO, RMTI, UGI

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The Hammerstone Group

November 7, 2019

Early Look: Thursday, November 7, 2019

Stocks futures in the U.S. are jumping, on track to open at fresh new highs for all major averages following reports overnight that China and the U.S. will cancel planned tariffs on each other’s products in stages, with the first agreement due to be signed in the next few weeks.

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The Hammerstone Group

November 4, 2019

What’s on Tap Weekly Calendar: Nov. 4 – 8, 2019

Monday November 4th Economic Calendar: 10:00 AM EST Durable Goods Orders, Sept-F; 10:00 AM EST Factory Orders for September. Earnings Before the Open: BHC, COHU, DCPH, EOLS, FE, GAIA, GCI, KOS, KTPI, LANC, MYGN, NSP, S, SYY, UBER

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The Hammerstone Group

October 31, 2019

Early Look: Thursday, October 31, 2019

U.S. futures are slipping along with weakness in Europe and Asia, falling after reports that China has doubts it can reach a long-term trade deal with President Trump as well as reports that North Korea fired at least two projectiles into the Sea of Japan on Thursday.

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The Hammerstone Group

October 29, 2019

Early Look: Tuesday, October 29, 2019

U.S. stocks are pointing to a slightly lower open, with the S&P 500 Index on track to slip on the open after closing at its all-time best level yesterday, and the Nasdaq Comp was within a few points of its all-time record ahead of another very busy day of earnings.

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The Hammerstone Group

October 22, 2019

Early Look: Tuesday, October 22, 2019

Stock futures are little changed, trading flat as markets prepare for a heavy dose of earnings results today (and week) among the busiest of the quarter. Stocks are looking to add to yesterday’s gains after stocks advanced as the U.S. offered a positive outlook on Phase 1 of a possible trade agreement with China.

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The Hammerstone Group

October 21, 2019

What’s on Tap Weekly Calendar: October 21-25, 2019

Monday October 21st – Economic Calendar: No Major Economic Data Released; Earnings Calendar: Earnings Before the Open: CBU, HAL, LII, ONB, PETS, SMBK; Earnings After the Close: ACC, AMTD, BXS, CDNS, ESFC, FBK, HLX, HMST, HOPE, HSTM, HXL, SFBS, TACO, WASH, WSFS, ZION

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The Hammerstone Group

October 17, 2019

Early Look: Thursday, October 17, 2019

Stock futures are rising, tracking gains in Europe after leaders in Europe said the UK and EU reached a deal on Brexit. The British Pound jumps over 0.5% topping the 1.29 level, its highest levels since mid-May, while the euro also rises against the dollar. In Asian markets, The Nikkei Index fell -21 points to 22,451. the Shanghai Index was little changed at 2,977 and the Hang Seng Index rose 184 points to 26,848.

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The Hammerstone Group

October 10, 2019

Early Look: Thursday, October 10, 2019

Stock futures are little changed in the U.S. following mixed reports of the long-anticipated trade meeting between America and China, causing volatile trading in Asia and Europe overnight. Bloomberg News reported last night that the White House may implement a previously-agreed-upon currency deal with China ahead of schedule, and suspend tariff hikes scheduled to take effect next week.

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The Hammerstone Group

October 8, 2019

Early Look: Tuesday, October 8, 2019

Stock futures are lower, on track to slip for a second consecutive session as the focus this week remains firmly on the renewed trade talks later this week (Oct 10-11) between high level trade representatives from the United States and China. Late yesterday, ahead of key trade negotiations later this week, the U.S. announced it was blacklisting several Chinese tech companies (including Hikvision, Sense Time, Megvii and iFlytek) that develop facial recognition and other artificial intelligence technology that the U.S. says is being used to repress China’s Muslim minority groups. The move Monday by the U.S. Commerce Department seeks to put the companies on a so-called Entity List for acting contrary to American foreign policy interests.

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The Hammerstone Group

October 3, 2019

Early Look: Thursday, October 3, 2019

U.S. stocks are bouncing after two days of intense selling pressure, as markets brace for several Fed speakers today as well as economic data which includes Markit services PMI, durable goods orders, jobless claims, while PepsiCo and Costco report earnings. In trade news overnight, the Trump administration plans to impose tariffs on $7.5 billion worth of European imports (from aircraft to foods) beginning Oct. 18 to retaliate against illegal European Union subsidies for aviation giant Airbus.

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The Hammerstone Group

September 26, 2019

Early Look: Thursday, September 26, 2019

Stocks futures in the U.S. are moving higher, following strong gains on Wednesday and overnight advances in both Asia and Europe, as signs of easing trade tensions with China outweighed political drama in Washington. President Donald Trump suggested a trade deal with China was possible and showed signs of moving toward a pact with Japan.

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The Hammerstone Group

September 24, 2019

Early Look: September 24, 2019

U.S. stock futures are edging higher once again, rising on trade optimism after Treasury Secretary Steven Mnuchin said late Monday that U.S.-China trade talks will resume in two weeks in Washington (not new news but gives more specific timeframe). Mnuchin said “the President’s been very clear if we can get the right deal, he wants the deal.” “If we can’t get the right deal, he’s happy with the tariffs.”

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The Hammerstone Group

September 12, 2019

Early Look: Thursday, September 12, 2019

U.S. futures edge higher, adding to the strong gains generated on Wednesday, as President Trump agreed to delay the $250B China tariff increase to October 15th from October 1st saying in a tweet last night “at the request of the Vice Premier of China, Liu He, and due to the fact that the People’s Republic of China will be celebrating their 70th Anniversary on October 1st, we have agreed, as a gesture of good will, to move the increased tariffs on 250 Billion Dollars’ worth of goods (25% to 30%), from October 1st to October 15th.”

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