The Market On Friday

Good morning. It is 26 degrees and sunny here in Upstate NY. Any day now the temperature will turn higher, this is what we say to ourselves. We are an endlessly fascinating species. I have a new human typology marker with only two classes. There are people that like to have discussions that include exchanges and appreciation for the other person's point of view, and then there are those that like to lecture at you presuming they have superior knowledge. I know you have experienced this.

At 8:20 a.m. futures are moderately higher, the dollar is up against all major world currencies, and oil is up.

Any moment now the final reading on the fourth quarter GDP will come through. It could be a deal breaker. Investors want to see it higher naturally.

Otherwise, the market is responding to the world's catastrophes and crises with emotional ease. Whereas last week these very same crises were cause for market volatility, this week the table has turned.

Welcome to the weekend.

CNN: 'Teflon market' poised to keep climbing

...final reading of fourth-quarter GDP...


...on tap for Friday morning is the University of Michigan's consumer sentiment survey for March.


Oil for May delivery gained 17 cents, or 0.2%, to $105.77 a barrel.