Good morning. It is 48 degrees, rainy, and foggy here in the Upper Hudson Valley. The temperature is expected to go up into the high 50s later on and rain is expected on most days over the next week. Tomorrow we are expecting to see temperatures go up around 70 degrees and that will be very strange. I was watching MSNBC last night and the news remains singularly focused beyond reason on Trump and his continued ascendancy along with focus on his latest boorish and repulsive comments. Uneducated white GOP voters, perhaps the world's most gullible and the lowest energy thinkers of all, have found a true hero. Someone who will represent them far far more poorly than any present GOP politician does, keeping with the GOP tradition of holding a constituency that can be sucked dry and led by the nose of racism and hatred. It's quite a feat. The key word is gullible.
At 9:00 a.m. ET futures are significantly higher and the price of oil per barrel is up approaching $37. The market is poised to open higher.
The story of the year has been the ongoing drop in oil prices as OPEC led by Saudi Arabia continues to overproduce in a battle to drive out the competition. The strategy is working, the competition is being driven out. The oil glut remains and today there is a small rebound occurring, the $20 per barrel oil on Christmas will not happen. However oil may still sink lower in 2016.
CNN:
Stocks: 4 things to know before the open
Crude prices jumped nearly 1% off an 11-year low. Data from the American Petroleum Institute revealed an unexpected fall in U.S. oil inventories. The market will also be digesting OPEC's annual World Oil Outlook.
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