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Monday, August 22, 2016

The Market On Monday

  Good morning. It is a breezy 63 degrees and it is sunny here in the Upper Hudson Valley, the forecast predicts a sunny day with temperatures in the 70s this afternoon. This is a noticeable cool down from the hot and humid temperatures over the past several weeks. This is the first glimpse of Fall in these parts. I hope you had a good refreshing weekend and you are ready to jump back into the saddle. I have a new interest and that would be writing comments for the NY Times website. I would encourage anyone who has an interest in connecting with a larger group of people regarding your political opinions, to do the same. It's pretty cool and it takes a short time to learn the ropes and write something that will get approved. The best part of the comment section at the NY Times is that it is moderated, so you will not get the usual nonsense that you are delusional, or a libtard or whatever and worse, as we know all too well. No, the NY Times insists on a modicum of decency and that's for me.

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

  Notice that oil is turning around with the price per barrel dropping and now in the $47 area. As we learn that July 2016 will be the hottest month on record, we are also seeing graphs proposing how temperatures will change over the next 100 years. Long story short it is going to be very hot with sections of the USA literally cooking in dozens upon dozens of days with temperatures above 100 degrees. We're talking about the South too where humidity will make it feel literally uninhabitable. So watch oil, see if humanity is lessening its use or not.

CNN: Stocks: 5 things to know before the open by Alanna Petroff
Tokyo will host the 2020 Olympics, picking up the baton from Rio.

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