Good morning. It is 34 degrees overcast and damp with a patina of snow here in the Upper Hudson Valley. We all woke up to a coating of snow on the ground, the roads are perfectly clear and it's wet out there. I was up extra early today and walked my dog in the dark practically. My feet got wet at the very start of the walk, yup wet socks and shoes. There's nothing quite like walking around in cold wet socks and squeaky wet shoes. I'm going to treat it as a sign of good luck to come in the week. One wonders what unknown nonsense will arise this week. Sometimes it's a daunting task just prepping oneself to face it.
At 8:50 a.m. ET futures are moderately lower and the price of oil per barrel is down. The market is poised to open lower.
As far as I can tell it is news of Japan slipping back into a technical recession that is dragging on the market this morning. Japan is the world's third largest economy and the reality of that behemoth going into recession is a troublesome thought. This too will work it's way through the system and be digested, that's the way the system works.
CNN:
Stocks: Six things to know before the open
The Japanese economy slipped into recession in the third quarter...
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