Good morning. It is 71 degrees and sunny with some haziness here in Upstate NY. The weather logos are indicating it could me a mixed week with sunshine and lots of rain. I hope you had a good holiday weekend. Yesterday we attended the local Memorial Day parade and I have to honestly say it was a very charming and pleasant event. As you stand there watching eventually you start seeing neighbors and people you know and engage in little chit chats. And then there's the parade with the local police, fire departments and engines, marching bands, emergency crews, a few old time cars, city officials, the boyscouts and the girl scouts. This was a very American event and it's good, it gets people together and it's simple. Everybody knows what to expect.
At 8:30 a.m. ET futures are modestly higher and the price of oil per barrel is down. The market is poised to open higher but some energy stocks might lag.
The prediction is that the market might head into new record territory again. Who knows what to think of this extended period and where it's headed. We can't control it anyhow. Data on housing comes out later and the stage is set for gains in this short vacation period week.
CNN:
Stocks: 4 things to know before the open
The latest S&P/Case-Shiller 20-city home price index will be published at 9 a.m.
Investors were also pleased that Ukrainian elections were completed without too many complications.
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