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Monday, August 30, 2010

The Market On Monday

Good morning. I hope you had a good weekend. It was humid here yesterday. The humidity really takes energy out of you. I had to work on this old house and by 5 p.m. I was very tired.

At 7:50 a.m. stock futures are mixed, oil is down in price per barrel, and the dollar is down against the major currencies.

The week is being characterized as one where economic data will play the primary role. The biggest player will be Friday's highly anticipated monthly government report on employment, and the lack of it. That along with a few factors that are as yet to be mentioned will drive the market this week.

Recall that September is statistically the worst month of the year for equities.

CNN: Stocks poised for shaky start
Government data on personal income and spending during July come out before the market opens.


Oil futures for October delivery slipped 37 cents to $74.80 a barrel.

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