The Market On Wednesday

  Good morning. It is 70 degrees and sunny here in the Upper Hudson Valley. A glorious sunny day is promised. I think consensus is building to begin the dismantling process of ISIS and that will occur. The US decimated Al Qaeda over time and this is what has to happen here. There will be no negotiating, it a fundamentalist group and as we know there is no negotiating with fundamentalists of any stripe. The curious thing is that it is an outside attack that with have a tiny, very tiny, unifying effect in D.C.

  At 8:45 a.m. ET futures are modestly higher and the price of oil per barrel is up. The market is poised to open higher.

  It is the sense of a negotiation in the Russia-Ukraine mess that is ameliorating the morning's market activity. Today investors will also parse data directly linked the the general health of the US economy. Factory orders, auto sales, and a Fed report will keep everyone on their toes.

Reuters: Futures higher on Ukraine, Russia optimism

At 2:00 p.m, the Federal Reserve will release its Beige Book of economic activity across the nation.