The Market On Wednesday

  Good morning. It is 75 degrees and sunny here in the Upper Hudson Valley. The logo indicates rain today at some point, maybe it will. Have you seen the headlines on Baltimore. Apparently the police are not arresting people and as arrests are plunging, violent crime is rising. So please be careful if your travels take you to Baltimore. It would appear that the police are actively restraining from their job. No doubt this is a reaction to the multiple arrests of officers coming from Freddie Gray.

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

  Two things caught my attention in this morning's article. One is that oil is now trading near $57 a barrel so there is a decline going on of roughly $3 to $4 a barrel. Second is a eurozone meeting of G7 finance ministers and the topic will definitely include the plight of Greece as that country continues to be under tremendous economic pressure with its debt and stability - tough being a citizen of that country over the last few years.

CNN: Stocks: 5 things to know before the open

The International Monetary Fund has declared the Chinese yuan is "no longer undervalued," after spending years criticizing China for keeping its currency from strengthening too much against the U.S. dollar.