The Market On Monday

  Good morning. It is an amazing 49 degrees and it is overcast here in the Upper Hudson Valley. The forecast is predicting a week of temperatures in the 40s and 50s with maybe a little rain on Wednesday. Here we are, it's February 1st. January flew by, and that's for a month that is generally very difficult temperature-wise. That did not appen, it was an extremely mild January. Today is the big day, the Iowa Caucus is set to begin later this afternoon. Who could possibly have predicted that the GOP would choose the worst possible candidate of all in Iowa back in July of 2015.

  At 8:50 a.m. ET futures are significantly lower and the price of oil is down. The market is poised to open lower.

  Investors do not like it when things are unclear and up in the air. The Iowa Caucus itself and its possible outcome is allegedly throwing Wall Street off its game this morning. Could be. Opec is allegedly also going through a lot of infighting surrounding the over production of oil and it appears that oil is sinking on the general determination that nothing is going to change here. The Saudis continue to pump more oil than what is needed and the price of oil continues to plummet.

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Wall Street is also on edge as the Iowa Caucuses get underway Monday evening. Donald Trump is on the verge of a potentially stunning victory as Republican voters in the state choose their preferred presidential candidate.