Good morning. It is 66 degrees and sunny here in the Upper Hudson Valley. We are in for a glorious day, not too hot. Unfortunately there are only a few weeks of Summer left so get out there and soak it up. The big deal from last night was of course, another Trump sign. The Donald as you know kicked out a reporter from Univision who was defiantly asking a question in a conference although he was not called on by Trump. It was the ejection heard round the world. What I'm getting here with the Trump triumph is that there is a block of GOP voters who have come around to the fact that their party is useless. Unfortunately rather that looking beyond their tender little noses they are going after the renegade GOPer in Trump who is about as helpful as a car crash. Right now I actually hope he goes all the way and breaks down the establishment GOP political base. The GOP has invested itself in the echo chamber of nonsense and distortions long enough. One can dream. So we are in a double bind, we are happy to see the GOP implode and simultaneously Trump as it's leader pro tempore is possibly more scary than Bush 3.
At 8:50 a.m. ET futures are significantly higher and the price of oil per barrel is up. The market is poised to open higher.
It looks like there has been a lot of movement in the US premarket as the weight of China's stock crisis has not carried over to these last few hours. Despite Chinese losses on Wednesday, the DOW is rising probably embracing Chinese measures to stabilize their country's market. Maybe it will hold through the day, unlike Tuesday's up and then downward spiral.
U.S. stocks poised for gains despite new China fall
China announced a new round of measures designed to boost the economy late Tuesday, cutting interest rates and allowing banks to lend more. But the bold move failed to prevent further losses. Shanghai Composite closed 1.3% down Wednesday, while the Shenzen Composite lost 3%.
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