Thursday, June 18, 2015

The Market On Thursday

  Good morning. It is 65 degrees and cloudy here in the Upper Hudson Valley. At least it's not humid. Well it's a big day. We'll take a look at the Pope's encyclical and naturally scoff at the predictably stupid conservative reaction. Hey wait a minute - isn't Catholicism marked by it's conservative stances. Also Greece will be in focus - that's a large global deal. But man, how about this mass shooting in Charleston. It's reeking of racism with a white male suspect as the perpetrator. That is just downright depressing. Let's witness this unnecessary suffering and tragedy and remain focused on our shard humanity. Right now there are nine families in Charleston who are experiencing incredible suffering from the senseless sudden loss of a loved one. Send these families you best mental offerings.

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

  Weekly first time layoff numbers came in at 267,000 people axed from their jobs. Oddly enough the number represents an improving job market - go figure. Greece will be in the spotlight as we know. Although the market is starting off in the green over the past weeks the opening and the close of the indexes has really swung up and down. Fortunately the recent shifts have been less severe. Watch, today it'll go nuts. You just never know.

CNN: Stocks: 5 things to know before the open
The risks surrounding Greece have pulled down European markets, which are all in the red in early trading.

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