The Market On Wednesday

  Good morning. It is a cool 38 degrees and it is sunny here in the Upper Hudson Valley. Temperatures in the 50s are expected this afternoon, pretty nice. I just got my peak at the news and it is off the charts. There's been a huge raid in Paris, flights diverted, soccer game bomb fears, lots of terrorist activity and fears going on in Europe and concerns here as well. Let's start parsing it.

  At 9:00 a.m. futures are moderately higher and the price of oil per barrel is up. The market is poised to open higher.

  I'm thinking the terrorist concerns are going to affect the indexes this morning. Expect some kind of reaction. Minutes from a Fed meeting will get released this afternoon and this is very important. Investors are nervous about an upcoming base interest rate hike and how that will factor into global markets. It's another highly fluid day, the globe is going through a skin shedding of sorts.

CNN: Stocks: 5 things to know before the open

At 2 pm ET, the Federal Reserve will post the minutes from its meeting in October, possibly the last before the first hike in interest rates in nearly a decade. The next policy meeting begins Dec. 15, and investors are betting that the Fed will finally announce a rate hike unless there's concerning economic news before then.