Good morning. It is 26 degrees and sunny here in Upstate NY. I'm not sure but either today or tomorrow is the shortest day of the year from the point of view of sunlight. Make sure you get outside and get some sun in your face, beat the low light blues. Last night I went out Christmas caroling with some neighbors. We went up to a few unsuspecting houses and sang "dashing through the snow..." - AKA Jingle Bells. Then we sang - "We wish you a Merry Christmas..."- fully knowing that probably several neighbors are not into Christmas as it were. It was fun and afterwards we got together and talked. Couldn't have asked for a better night in the hood.
At 8:18 a.m. futures are ever so slightly higher, the price of oil per barrel is higher, and the dollar is down against most major world currencies. The market is poised to open slightly higher.
As you know fiscal cliff talks have stalled. The cliff remains as the prime mover on Wall Street until it is resolved.
CNN:
Stocks: Investors on edge over the cliff
...the government will release its final estimate of third-quarter GDP growth, as well as its weekly report on initial jobless claims.
...monthly report on existing home sales...
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