Wednesday, June 17, 2015

The Market On Wednesday

  Good morning. It is 65 degrees and cloudy with sunshine here in the Upper Hudson Valley. Looks like we could be in for a pleasant high 70s sunny day. Well you have to hand it to Golden State. They produced a demonstrable win over LeBron's Cavaliers last night and took the NBA Championship. It's been a long time since Golden State won a championship. Steph Curry is a truly unique basketball player, it's the combination of ball handling and incredibly quick and accurate shooting ability that is in a league of its own. Steph Curry and the Warriors have evolved the game of basketball just a little bit more and for the better.

  At 8:50 a.m. ET futures are moderately higher and the price of oil per barrel is up. The market is poised to open higher.

  As far as I can tell two major events will weigh on the market today. First will be a Fed announcement on base interest rates this afternoon - and when the Fed talks the world investment community listens. The second is the ongoing collapse of Greece's economy as that country may even face expulsion from the E.U. Thursday will be a telling day.

CNN: Stocks: 5 things to know before the open
The Federal Reserve is in the spotlight again. It will announce its interest rate decision at 2 p.m. ET, followed by a news conference with Fed Chair Janet Yellen at 2.30 pm.

2 comments:

Glenn Klotz said...

Greece will have to go its own way.

Jim Sande said...

All signs seem to point to this. Everything else is a kick the can down the road scenario. It depends, though, a lot of what occurs in the investment world is a kick the can down the road and live for today attitude. There could be a last minute deal. You just don't know.