The Market On Tuesday

Good morning. It is 57 degrees and at the moment sunny here in Upstate NY. It is rather pleasant out and what we like to call good sleeping weather. The logo is indicating rain for today. Tuesday is my wicked busy day so I will be brief.

At 7:35 a.m. futures are modestly higher, the dollar is mostly down against major world currencies, and the price of oil is slightly up per barrel. The market is poised to open modestly higher.

Investors have been very reactive to the unfolding and non resolving eurozone financial crisis. Spain remains in the headlines, joined by Cyprus which officially laid down a messy hand of cards on Monday. A soon to be had eurozone summit on Thursday is expected to result in nothing but that just might be enough to allay investor fears for today.

On tap for investors and the curious rest of us is data on home prices and sande.blogsot favorite - consumer confidence. The housing market continues to lag in the ultra weak recovery now if we could only go beyond being consumer confident to say being human confident - content with our place in the world and knowing that our activities help ourselves and everybody else. Now that's a liberal speaking.

CNN: Stocks set to start higher

Investors are skeptical that Thursday's (eurozone) summit will produce much of substance...


"Markets keep looking for quick cures..."


At 9 a.m. ET, the S&P/Case-Shiller index for April home prices will be released.


...Consumer Confidence Index for June comes out at 10 a.m. ET.