The Market On Tuesday

  Good morning. It is 71 degrees and sunny here in Upstate NY. We are expecting temperatures in the high 80s and probably a thunderstorm at some point. I think it's going to be a scorching hot summer. We see where Seattle has approved a $15 per hour minimum wage. Now that is more like it. That is a decent wage to enter into the workforce.

  At 8:40 a.m. ET futures are slightly higher and the price of oil per barrel is down. The market is poised to open in a mixed position.

  The article points to a lack of direction for the opening. Be that as it may investors will be parsing data on manufacturing and vehicles sales. Sounds sort of boring, would you agree. Regardless, the market continues to percolate with new records set regularly. I'm not reading anything about present conditions that indicates a change to this pattern, but do remember that Friday is the big day for data of jobs created in the month of May.

CNN: Stocks: 4 things to know before the open

At 10 a.m. ET the U.S. Census Bureau will release its latest data on monthly factory orders. Later in the day investors will get a sense of how the auto sector is performing as data on vehicle sales is released for May.