The Market On Monday

  Good morning. It is 32 degrees and very sunny here in the Upper Hudson Valley. The forecast is predicting another very mild week of temperatures and once again we go up into the 50s in a few days. This is the very mild Winter of 2015-2016. I hope you had a good week, I did, got outside a lot and rested well. We see that Jeb Bush indeed left the presidential race on Sunday. Personally I'm rather neutral about that, the remaining candidates in the GOP race all pretty much scare the hell outa me. Considering what they are preaching, from hatred to bringing back the old religion, (most of us had not realized it had ever left), to warring and throwing even more gobs of breaks to the corporate world, to removing any social advances, it's a mess.

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

  Looks like Wall Street is partial to Jeb leaving the race - just kidding. Oil is up and don't forget that whenever the word comes out that OPEC will cut production or is even considering cutting production, that oil prices and gas prices will rise, gas more than oil too. The people who are unwisely buying gas guzzling SUVs now based on cheap gas, may have to pay the piper later on the down the road.

CNN: Stocks: 6 things to know before the open

Crude oil futures are trading just above $32.50 per barrel, which is roughly the highest level they've seen since the start of February.

British Prime Minister David Cameron has set June 23 as the date for a historic referendum when voters will decide whether they want the U.K. to exit the European Union or stay put.