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Tuesday, April 23, 2013

The Market On Tuesday

  Good morning. It is 31 degrees and sunny here in Upstate NY. We are seeing more and more signs of plant life, as the lawns are greening up and the tree buds are swelling. The crab apple tree in the front yard has tiny green leaves, we're getting there slowly but surely.

  At 7:35 a.m. E.T. futures are modestly higher and the price of oil per barrel is down. The market is poised to open in the mixed area.

  Investors are mulling over bad economic data out of both China and Germany. Germany is the eurozone's largest economy and this only means more economic woe for Europe which as we know continues to have periodic major upheaval. After today's close Apple will be presenting its first quarter report. As the major tech leader this is a big deal, Apple has seen a slight reversal of fortune in recent months and this report is highly anticipated.

CNN: Global growth worries may depress stocks
Weak data on manufacturing in China...A slowdown in private sector output in Germany...

At 10 a.m. ET, the Census Bureau will publish data on new-home sales.

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