The Market On Friday

  Good morning. It is 62 degrees and sunny here in the Upper Hudson Valley. Looks like we are in for another glorious late Summer Day.

  At 8:50 a.m. ET futures are modestly higher and the price of oil per barrel is up. The market is poised to open higher.

  Where are we. We have a holiday weekend coming and often times investors leave on a positive note. Then we have Russian troops in the Ukraine and of course this is a mess with global economic implications beyond the human toll. And we have a remarkable run in the indexes through the month of August. Total it all up and I'm going with Russia Ukraine is a big problem dragging on the market, yet there is strong economic US news to potentially balance it out. Either way, the indexes remain extremely fluffy for the time being.

CNN: Stocks: 5 things to know before the open

The major U.S. indexes have climbed up by roughly 3% to 4% over the course of the month, with the S&P 500 hitting record-high levels.