Good morning. It is 20 degrees and sunny here in the Upper Hudson Valley. It's a cold day possibly not getting above freezing, then slowly we go into a warming trend with the forecast predicting near 70 degree temperatures next Wednesday. Wow, in my opinion that would represent the end of the Winter. We see that Romney is scheduled to 'take down' Trump later today. Portions of his speech are already available and it appears that the gist of it will center around the actual fact that Trump is a phony and a fraud. I'm looking forward to the speech, I will watch it live. Trump is, of course, already hitting Romney back on the media outlet of his choice, Twitter. Donald has learned all the tricks of the trolling crowd, lashing out on Twitter, how pathetic, downright juvenile really. Regardless, a new name calling war is sure to be present for a few days or maybe just a day.
At 9:00 a.m. ET futures are slightly lower and the price of oil is hovering around $34.50. The market is poised to open slightly lower.
No doubt investors are pleased to hear that a 15 oil producing nation meeting will occur later this month. The hope is that oil production will finally see some constraints.
CNN:
Stocks: 4 things to know before the open
Crude oil futures are holding onto recent gains, trading around $34.50 per barrel.
Venezuela said 15 major oil producing nations would meet later this month to agree an output freeze, but gave no further details. Saudi Arabia and Russia recently agreed to cap production levels in an effort to keep oil prices from falling further in an oversupplied market.
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