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Monday, May 05, 2014

The Market On Monday

  Good morning. It is a breezy 47 degrees with some sun here in Upstate NY. The forecast is predicting a run up into the 70s by the end of the week and more sun and less rain than last week. I hope you had a good weekend. I performed with my ensemble on Sunday and we had a good time. We had an enthusiastic crowd, some even danced to the music.

  At 8:15 a.m. ET futures are moderately lower and the price of oil per barrel is higher. The market is poised to open lower but some energy stocks might increase.

  This week investors will be winding down the first quarter reports period which apparently has been good enough to keep the indexes in a fluffy territory. As we know that could change and change fast. The Ukraine mess persists and maybe is threatening to get worse with all out civil war. Darling China is having some growth jitters and this too is worrisome for investors. The market has been very fluid recently with opening marks and closing marks frequently on opposite ends of the pole.

CNN: Stocks: Earnings on tap to start the week
...a new HSBC manufacturing report out of China on Monday showed business conditions continued to deteriorate in April...

Asian markets ended the day with mixed results.

1 comment:

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