The Market On Friday

  Good morning. It is 73 degrees and sunny here in the Upper Hudson Valley, the forecast predicts a sunny day with temperatures in the 80s this afternoon. I think the picture of the little boy, pulled out of a bombed house, and then sitting patiently and bravely was an important image. It shook up the world and brought forth an outpouring of empathy, something that has been in low supply in recent weeks. This is especially true in the US where Trump has unleashed viciousness, sick minded being that he is. Let's see what's going on in the news today.

  At 9:00 a.m. ET futures are moderately lower and the price of oil per barrel is down. The market is poised to open lower.

  It's back to oil again. Yesterday the price of oil per barrel nearly hit $49 and is presently just above $48. Oil prices are once again expected to rise over the next year. We shall see. It's been a long week and I'm glad it's over.

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

Bank of America Merrill Lynch predicted this week that crude will surge to $69 a barrel by next June and upgraded its expectations for energy stocks. Crude was trading below $40 per barrel at the start of August.