Tuesday, May 24, 2016

The Market On Tuesday

  Good morning. It is 62 degrees and rainy here in the Upper Hudson Valley. The forecast predicts that the temperature goes into the 70s this afternoon and that we might have thunderstorms. I just have to state this for the record but it is my deep wish that Americans do not elect Trump in November. We all continue to mull this possibility over and right now the part that has me really terrified is Trump's erratic-ness. He is all over the map which in my opinion that represents instability and that is not a quality that America needs in its president.

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

  Germany's latest GDP numbers came through with flying colors and the market is responding in kind. Toyota has issued a large recall of its American cars, it's all about a faulty airbag system. First quarter corporate reports continue to come through and relatively speaking there is a brief period of calm/lower volatility across the markets. That, of course, will change.

CNN: Stocks: 4 things to know before the open by Alanna Petroff
Shares in Toyota (TM) dropped 1.4% in Japan after the automaker said it would recall an additional 1.6 million vehicles in the U.S. due to airbag safety issues.

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