Good morning. It is 52 degrees and mostly sunny here in the Upper Hudson Valley. The forecast is calling for the temperature to go into the high 60s this afternoon and that the temperatures over the next week will be in the 70s - the warmth is here. We see that Hillary is squeaking out a win in Kentucky and that Bernie has won Oregon fair and square. There's lots of contentious behavior occurring on the Democratic side and this is unfortunate. Trump was tweeting away about Hillary being unable to put the nomination away, yet Maddow correctly pointed out that Hillary is in fact closer to the goal of winning her party's nomination than Trump is. Trump will continue to bring the aura surrounding this presidential race down to the level of a shitty diapered infant. We cannot recall such bullying, taunting, and all around ugliness coming from an alleged candidate for the presidency of the US. Trump does not have the attributes of a president, he is obviously not presidential, yet the ignorantariat could care less, the lower the better.
At 8:45 a.m. ET futures are moderately lower and the price of oil per barrel is up, now trading around $48.35. The market is poised to open lower.
Lots of first quarter corporate reports are coming through the pipe today. Japan's economy seems to be having a modest rebound and is not headed into a technical recession. Oil continues to rise in price due to a series of global catastrophes in oil producing countries, along with reports on a reduction in the global oil glut.
CNN:
Stocks: 6 things to know before the open by Alanna Petroff
Minutes from the latest Federal Open Market Committee meeting will be released at 2 p.m. ET.
The minutes will offer a peek inside the central bank's thinking, and investors will be looking for any hints about a potential June rate hike.
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