The Market On Wednesday

  Good morning. It is 64 degree and it is sunny here in the Upper Hudson Valley. Looks like we are in for another great day with temperatures hitting the 80s this afternoon along with more sunshine. Time is flying, we are into June 1st, Summer is right around the corner.

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

  Two points of contention are spooking pre-market traders. First China is showing mixed data on manufacturing with large corporations in the green and middle sized to small companies in the red. Second, the US State Department is issuing a warning for travel to Europe. Think about that for a second, the fear and recognition that terrorist attacks will occur in Europe is present and clear. How sad because we are talking about Europe. In addition note that Brazil's economy is into a deep recession with a deep contraction shown in that country's GDP. BRIC is hurting

CNN: Stocks: 5 things to know before the open by Alanna Petroff

"A travel alert for Europe issued by the U.S. State Department citing the potential for terrorist attacks at major events and tourist sites [has] further reinforced defensive behavior..."