The Market On Friday

  Good morning. It is 72 degrees and at present sunny here in the Upper Hudson Valley. The forecast predicts thunderstorms at some point today and temperatures in the 80s this afternoon. Welcome to July, time is flying by. I was visiting a very pro-Trump website last night, one of the few media outlets that is in full throw down support for Mr. Trump. I would recommend a visit to Breibart at some point. What is especially interesting is the comment section. There you will get the full flavor of our pro-Trump brethren. Let's just say, be prepared as self censoring language and a sense of verbal restraint is not really so very much present.

  At 8:50 a.m. ET futures are relatively flat and the price of oil per barrel is down. The market is poised to open in the flat area.

  Investors are still trying to figure out the Brexit; Brexit is still dominating the financial news. Right now the Bank of England which is the British central bank, is expressing a need to possibly cut interest rates and to get into the business of quantitative easing. Note that a recession is expected in England. Enjoy the weekend, the market will be closed on Monday for the holiday.

CNN: Stocks: 5 things to know before the open by Charles Riley

Nomura analysts say they expect more quantitative easing, as well as interest rate cuts in August and November. They also predict a recession for the U.K.