Tuesday, May 17, 2016

The Market On Tuesday

  Good morning. It is 54 degrees and it is overcast here in the Upper Hudson Valley. The forecast predicts an overcast day with temperatures reaching the high 60s this afternoon. Let's see what the main stream media, which in my opinion is now officially the Trump news media, has for us today. No doubt the topic is Trump, Trump, and more Trump.

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

  First quarter corporate reports continue to stream in, the price of oil continues to climb especially after a Goldman Sachs report gave oil the green light, and reports on consumer price inflation and housing starts and permits are all being parsed by investors today. Like the Warriors vs Thunder game last night, where the market begins and ends in a trading day is always a surprise, and BTW the Thunder won and it was at Golden State, amazing and utterly unexpected.

CNN: Stocks: 4 things to know before the open by Alanna Petroff
Oil futures continue to regain lost ground and are now trading at their highest levels in more than seven months.

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