The Market On Tuesday

  Good morning. It is 71 degrees and sunny here in the Upper Hudson Valley. We are in for another hot humid day. I was watching MSNBC last night and getting the latest low down on Trump, Sanders, Carson, Clinton, Bush and the rest. Turns out Carson is beating Trump head to head and that is surprising. But what is most surprising are once again Republican voters themselves who by an overwhelming majority think that Obama is a Muslim and that Obama was born in another country. More Republicans think that Obama was born in another country than think the same of Ted Cruz who was actually born in Canada. I guess years and years of absurd brainwashing works. Remember, these people do vote.

  At 9:00 a.m. ET futures are significantly lower and the price of oil per barrel is down. The market is poised to open much lower.

  My take is that the implosion of China's mega industrial economy is once again at the forefront of the investing world. China is 'losing steam' which is surprising considering that the world's appetite for junk is monstrously large and never ending but on the other hand China's issues are beyond that. Regardless, the market will open with a lot of hurt, so let it go, think long. Fortunately at the moment the American economy is not in a tumultuous place, so that level of stability remains in spite of China.

CNN: 5 things to know at the open

Stock markets in China ended with more losses after new figures showed the world's second largest economy is losing steam.