The Market On Monday

  Good morning. It is 32 degrees and the sun is starting to get happy here in Upstate NY. The logos indicate temperatures in the 40s all week, we are having a respite from the bitter cold of January. In my opinion the most interesting and relevant story from last week was not Christie's political problems but the fact that temperatures around the globe more or less balanced against the polar vortex frigid temperatures in the US. Scandinavia is experiencing a very warm winter, and we also know that Australia is experiencing record breaking heat waves where temperatures are approaching an inhabitable degree. Call it what it is, climate change from global warming.

  At 8:30 a.m. ET futures are slightly lower and the price of oil per barrel is down. The market is poised to open lower.

  Investors are still shocked from last Friday's miserable job creation numbers and are also now attributing the non hiring to the frigid temperatures. Okay. This week is the beginning of corporate fourth quarter earnings reports. Although I did not read it, one might presume that the season kicks off with a report from Alcoa after the markets close.

CNN: Stocks: Jobs shock lingers, earnings loom

Many experts are now saying colder-than-normal temperatures in December hit hiring.

Now investors are looking ahead to the first big round of fourth quarter earnings coming later in the week.