Good morning and welcome to the weekend. It is 63 degrees and sunny here in Upstate NY, it looks like a gorgeous day awaits. Racism is very much in the news right now, as you know. My overall impression is that discussion is good, yet much of it regarding racism is negative and enforces racism itself. So separating out the worst we are left with a conversation that is still very difficult to have. In some ways there doesn't appear to be a common language or lexicon that we have surrounding the discussion on racism. We can use some words but not others, we can talk about some tendencies and patterns but not others. It is a sensitive subject, like an exposed nerve that sets off intense feeling and suffering. I don't have a solution here but I do know and trust that fundamentally all humans are capable of great wisdom, compassion, and understanding.
At 8:20 a.m. futures are flat and the price of oil per barrel is up. The market is poised to open in the flat to slightly higher area.
Wall street is abuzz with the fact that a technical glitch shut down trading on Thursday for several hours. That's a big deal, the economic hub of the world falls prey to a faulty electronic path. It appears that this event has had a sobering effect, when will it happen again and then what, etc. Otherwise, the articles are indicating a quiet day.
CNN:
Investors ready for Nasdaq dust to settle
Investors are just waiting on new home sales data for July, which will be released at 10 a.m. ET.
In Asia, markets in China ended with narrow losses, but Japan's Nikkei rallied by 2.2%.
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