The Market On Wednesday

  Good morning. It is 77 degrees and hazy sunny here in the Upper Hudson Valley. We could be in for another seriously hot humid day, maybe just a little bit less hot than Tuesday. We see that Trump is still big in the news and his polling numbers continue to rise. This poor country, how people could actually think he could somehow improve their lot baffles me. How did this happen? You have a billionaire celebrity with no political acumen or experience or even any startling defined realistic policy getting by on bravado, insults, and celebrity status to engage people in the notion that he is fit to be president. That is very depressing, it is sad.

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

  There are a series of defining points in the global economy at this moment that are reoccurring and driving markets. Among them are the turbulence in the Chinese economy, Greece's ongoing debt salvation deal, and the devaluation of commodities especially oil as an oil glut remains and oil demand in China appears to be waning. I think we are going to see these things reappear every day for the next, who know, months or years even. Meanwhile US corporate activity is still perceived to be relatively strong. There is a push and pull situation going on across these dynamics.

CNN: 5 Things To Know Before The Open

Chinese stocks have been on a wild ride for weeks as investors grow anxious about a possible withdrawal of stock market support by Beijing, and the health of the Chinese economy.