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Friday, May 20, 2016

The Market On Friday

  A very good morning to you. It is 55 degrees and it is sunny here in the Upper Hudson Valley. The forecast predicts that the temperature hits the high 70s this afternoon and that the sunshine keeps streaming. Somebody out there who is a wiz at high tech needs to immediately design and sell a new gadget. The gadget would automatically mute Trump's voice whenever it is present, which now is almost all the time, on TV. Rather than sit there and steam away or have your blood pressure start soaring or to even go into a dazed amazement at how this person could possibly appeal to anyone, the device kicks in and bam nothing, no sound. Instant millionaire - I'll take three.

  At 8:40 a.m. ET futures are modestly higher and the price of oil per barrel is slightly down. The market is poised to open higher.

  The Egyptian liner crash rattled the globe on Thursday, but sentiment seems to be picking up this morning. Notice that oil continues to astound with prices overnight closing in on $50 a barrel.

CNN: Stocks: 4 things to know before the open by Alanna Petroff
Oil prices are pushing higher again Friday after passing $49 per barrel overnight.

The price went as high at $49.27 late on Thursday.

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