The Market On Tuesday

  Good morning and welcome to April. It is 33 degrees and sunny here in Upstate NY. The forecast predicts the temperature to go up into the 50s today. This could be the day when the switch to Spring is apparent, let's call it a pivotal day. We are exhausted from the relentless Winter cold and wind. No, it's not April Fools, it's really getting warmer.

  At 8:00 a.m. ET futures are modestly higher and the price of oil per barrel is down. The market is poised to open mostly higher.

  Investors were very pleased to hear Janet Yellen on Monday. She is talking about continuing the Fed interest rate, now near 0%, and continued quantitative easing at lower levels. This was music to the ears so the speak and the market responded with a day of hefty gains. This morning's boost appears to be a continuation of that good sentiment.

CNN: Stocks: Signs of Spring?

... Janet Yellen said Monday that the Federal Reserve's repair job was not yet finished.