The Market On Friday

  Good morning. It is 65 degrees and it is overcast here in the Upper Hudson Valley. The forecast tells us to expect an overcast day with temperatures in the 80s this afternoon. Quite a few fireworks on Thursday with Clinton giving Trump a little bit of feedback on his less than eloquent statements and then Trump throwing one of his very special tantrums in response. We see that violent protests are now a staple of the Trump rally, and this is not good, it does not bode well for the future.

  At 8:55 a.m. ET futures are moderately lower and the price of oil per barrel is down. The market is poised to open lower.

  The monthly government report on unemployment and jobs created in the previous month came out a short time ago. We see that the economy added a limping 38,000 new jobs in May and that the unemployment rate is now at 4.7%. How can that be? Well one might suggest that more people are in the nether lands of employment, no longer collecting unemployment and no longer employed meaningfully either. Perhaps this is the main reason why the market is dipping just prior to the opening bell.

CNN: Stocks: 4 things to know before the open by Alanna Petroff

Several economists believe U.S. job growth was hurt last month by the Verizon employee strike. About 36,000 Verizon workers went on strike for six weeks, demanding better pay and work conditions. Last week, the company and its employees reached an agreement after the U.S. Labor Department intervened.