The Market On Monday

I hope you all had a good weekend. We had mixed weather here, so it wasn't a great weekend for outdoor work. You had to be judicious and go outside for short periods in between cycles of rain.

At 7:20 a.m. futures are slightly up, the dollar is mixed against the yen, euro, and pound, and oil is starting to drop back a tad after getting closer and closer to $80 per barrel.

The market continues to perplex the novice, namely me. When I expect disaster it improves, when I expect gains it flops. So its best I watch and not predict.

The G20 meeting seems to have not rattled investors. Bring down deficits - great - lots of luck with that.

We keep expecting the second shoe to drop and see the markets significantly fall. Are we suffering from post recession market disorder?

CNN: Stocks set to head higher

Leaders of the world's most important economies agreed to ambitious targets for getting deficits under control, pledging to cut them in half by 2013, according to a statement made following the G-20 summit this weekend in Toronto.

Reuters: Stock index futures point to mixed open

On the macro front investors awaited the Commerce Department's May personal income and consumption data, due at 8:30 a.m. ET, and the Chicago Fed National Activity Index for May, due at 8:30 a.m. ET.