The Market On Tuesday

Good morning. We are having a series of extremely fine days here in upstate NY, the weather is just gorgeous. The buzz is in the air with young people readying for school. The Fall is my favorite time.

At 7:30 a.m. stock futures are moderately down. The stock market is in a slump. Wall Street-wise September is traditionally the worst month of the year and all indications keep pointing towards just that once again.

Today investors will be looking over economic data on housing prices, consumer confidence, and manufacturing. Lately most data numbers of this type have been worse than expected. Add that to unusually low trading volumes and we are ripe for more volatility and stinker trading days.

CNN: Stocks headed for lower open

The Case-Shiller 20-city home price index comes out before the opening bell and is expected to have risen 3.1% in June...


...Consumer Confidence index for August after the start of trading.


The Chicago PMI, a regional reading on manufacturing activity, is expected to have fallen to 57 in August from 62.3 in July.