The Market On Wednesday

  Good morning. It is 55 degrees and overcast here in the Upper Hudson Valley. Warmer temperatures are expected but maybe we get some rain too, it's not clear. I've got a busy day ahead with thing after thing scheduled. Let me take a deep breath right here.

  At 8:20 a.m. ET futures are significantly lower and the price of oil per barrel is down. The market is poised to open lower.

  The indexes have been in record territory, perhaps we are witnessing a little break from an otherwise recent euphoria. The price of oil continues to decline and so energy equities which form the basis of many many portfolios are declining too. How long will this cheaper oil glut continue? One thing I do know is that it can't go on forever.

CNN: Stocks: 4 things to know before the open

Five major global banks have agreed to pay $3.3 billion in fines to resolve allegations that they attempted to manipulate foreign exchange rates.