The Market On Tuesday

  Good morning. It is a humid 74 degrees and it is cloudy here in the Upper Hudson Valley. The weather logo is predicting rain. I briefly poked around on MSNBC last night and the topic was Trump, again. Trump is a very interesting figure on the American landscape as we know. What is most telling to me over and over is his unwitting speech, he is capable of saying anything that he feels is good for himself. Fundamentally speaking there is nothing presidential about Trump, he has the political poise of a child. Diplomacy is obviously not in his vocabulary. I also find it very telling that at the moment he is attracting a big GOP crowd with his child like insulting mouth. Trump is the president of baby land.

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

  Oil is now trading around $50 per barrel. That is remarkable. As oil is such a key component to the indexes, we are in an odd first time period - oil is cheap and the DOW is very high. Could it be that oil is less of the young superstar and now in this age is the superstar in decline. With oil at such a bargain price, one worries that countries will import the bargain and as a result increase CO2 emissions. That would be the death blow. I want to see oil priced so high it is prohibitive and must be used sparingly.

CNN: Stocks: 4 things to know before the open

Earlier this month, the International Energy Agency warned that the market remains "massively oversupplied" and predicted prices could drop again.