Tuesday, May 31, 2016

The Market On Tuesday

  Good morning. At 8:45 a.m. ET it is 69 degrees and it is sunny here in the Upper Hudson Valley. The forecast predicts a sunny day with temperatures in the 80s this afternoon. I'm looking forward to Thursday's 8:15 a.m. ET announcement by Bill Kristol. Allegedly there will be another third party candidate entering the presidential race at that time. Who will it be? The speculation covers several names, Romney, Sasse, Cruz, Rice, to mention a few of the biggies. If this does materialize the anti-Trump movement can breathe a short sigh of relief as a third party conservative will make it very difficult for Trump to win. It already is difficult for Trump to win but the difficulty degree would get bigger. Trump is furious about the announcement.

  At 8:45 a.m. ET futures are moderately higher and the price of oil per barrel is up. The market is poised to open higher.

  Big day on Wall Street as there will be reports on all kinds of metrics including housing, personal income, and my favorite - consumer spending. How's your spending oh consumer? Notice that the eurozone has a steady unemployment rate of 10.2%. In America that number stands for let's trade in for a new government. Presently the official US unemployment rate is 5%.

CNN: Stocks: 5 things to know before the open by Alanna Petroff
Shares in India's Tata Motors -- which owns Jaguar Land Rover -- are surging after the company reported better-than-expected full-year results.

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