Good morning. It is 53 degrees and overcast here in the Upper Hudson Valley. It looks like we are in for another gray type of day but it is definitely unseasonably warmer out there. The warmer weather pattern is predicted to hold through the next several days. Tonight there will be another GOP presidential debate viewed on CNN. I may opt out and not watch. Notice that T-Rump has attracted the most severe racists and bigots out there led by white supremacy groups. Yes Donald pat yourself on the back, you have managed to excite the KKK. On Facebook one friend has explained how to disconnect, unfriend, from other friends who are 'fans of Trump'. I will not do that but I have heard that the rhetoric on his fan page amounts to nothing more than extreme hate speech. How sad that in the modern era year of 2015 that this type of hatred of the low energy thinking type still has such a prominent place in any society especially America, the alleged home of the free and democracy.
At 9:00 a.m. ET futures are significantly higher and the price of oil per barrel is around $36.50. The market is poised to open higher.
It is really a possible Fed rate hike on Wednesday that is attracting attention among investors. This is a big deal. We really have two possibilities - they raise the base rate, or they do not raise the base rate. A case can me made today for either scenario.
CNN:
Stocks: 4 things to know before the open
A rate hike "will be a testament...to how far our economy has come in recovering from the effects of the financial crisis and the Great Recession," Fed Chair Janet Yellen said in a recent speech.
Crude oil futures are steady Tuesday and trading around $36.50 per barrel. Prices slid to $34.53 a barrel on Monday -- the lowest level since February 2009.
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