Good morning. It is 38 degrees and sunny here in Upstate NY. Yes, read those low numbers and weep, and also remember that it is still officially Summer. We've had another mass shooting, it's beyond tragic and it's hard to understand. I think that the basic problem lies in the overlay of violence that permeates America on so many levels. We live in a violent country where frustration, tension, anxiety, disappointment, struggle and all of that are very pronounced, very much felt. It's hard to find a degree of contentment, and happiness is found in tiny temporary amounts if at all. So the mass killings are just the top of that great unrest, anger, and disturbance. The mass killings are the cream of the heap of violence and why would it be any other way given the base of the heap. It's easy to point this out as you know, the hard part is disassembling it, and putting it back together with a greater degree of compassion and awareness. Easier said than done.
At 8:20 a.m. ET futures are flat and the price of oil per barrel is down. The market is poised to open in the flat to lower area.
Investors are back to pondering life without quantitative easing. A Fed meeting is on the burner and the results of the meeting are highly anticipated. Also today investors get a key metric on inflation and we know how terribly important this is. It's expensive out there and one wonders how an ordinary family can get by, food is too expensive, gas is too expensive, everything is too expensive. We are pricing ourselves into poverty and wages are pathetic.
CNN:
Stocks: Focusing on the Fed
An announcement (from the Fed) on so-called tapering could be made Wednesday.
...Bureau of Labor Statistics, which will release the August edition of its Consumer Price Index at 8:30 a.m. ET.
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