At 8:20 a.m. ET futures are significantly higher and the price of oil per barrel is down. The market is poised to open higher but one might suspect certain energy stocks may retreat.
Wall Street is bubbling with joy over Larry Summers withdrawing from consideration for the Fed job and the prospect of Janet Yellen taking the job. Yellen would probably want to continue with some QE activity which will keep interest rates super low. That's some cheap fun money.
CNN: Stocks gain, S&P nears new record
Investors are excited at the prospect of Yellen taking over from current Fed chairman Ben Bernanke, since she is widely expected to pursue a similar policy of stimulating the economy to bring the unemployment rate down.
The threat of imminent U.S.-led military strikes against Syria has now faded to the background...
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