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Monday, August 29, 2016

The Market On Monday

  Good morning. It is a humid 77 degrees and it is sunny here in the Upper Hudson Valley, the forecast predicts a cloudy day with temperatures in the low 80s. I hope you had a good refreshing weekend and are ready to get back into the fight. Considering how off the wall the presidential campaign has been so far, mostly as a result of the orange guy, one can only imagine where we are going this week. I'm sure some stunning surprises are in store as the orange guy just can't seem to help himself. In truth this whole deal, this entire presidential campaign has been turned into a travesty with Trump's candidacy. It still strikes me beyond bizarre that the GOP would offer America this person as a choice for the presidency. If on the outside chance he does win, it really is time to pack it up, time to move away.

  At 9:10 a.m. ET futures are slightly higher and the price of oil per barrel is down now trading around $47. The market is poised to open slightly higher.

  Janet Yellen is offering the possibility that a base interest rate hike may occur this year. Otherwise the week is getting off to a tepid start.

CNN: Stocks: 4 things to know before the open by Alanna Petroff
Market moves are still being influenced by a Friday speech from Fed chair Janet Yellen, who signaled that an interest rate hike is still on the table for this year.

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