Good morning. It is a whopping 65 degrees and it is presently very sunny here in the Upper Hudson Valley. We got ourselves a boatload of rain last night, so it's a little damp out there still. Like I said yesterday, if I wanted to watch on TV brutal trash talking, flagrant fouling, and threatening body slams, I would have watched the GOP debate, instead I opted for the gentler Knicks vs Milwaukee NBA season opener. The Knicks surprised the hell out of all Knicks fans globally and easily coasted to a 20 plus point win. We shall see. I'm reading about the debate now and we'll try to parse it a little bit today. The consensus seems to be that Bush failed, Rubio did great, and Trump was more presidential. I mean all the guy has to do to be more presidential is shut up for a second. Poor Jeb, he must feel like such a failure being the non-presidential sibling. Ha!
At 9:00 a.m. ET futures are moderately lower and the price of oil per barrel is down. The market is poised to open lower.
Well after Wednesday's nifty little rally the morning is looking like a downer. The US third quarter GDP came in at a measly 1.5% growth rate, grow we did not. The Fed announced that there is no change to the base interest rate and investors like that.
CNN:
Stocks: 6 things to know before the open
U.S. stock futures are taking a dip and there's a general negative mood in the markets.
In the oil market, crude futures are slipping by 1% to trade around $45.50 per barrel.
...on Wednesday...the Federal Reserve opted to keep interest rates near zero, yet again.
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