The Market On Tuesday

  Good morning. It is 66 degrees and it is sunny here in the Upper Hudson Valley, the forecast predicts a sunny day with temperatures in the 80s this afternoon. Very interesting reading about the candidates preparation for the upcoming debates. This was reported in the NY Times last night and I have the link, posted late Monday night. Clinton relishes the detailed homework and Trump prefers to wing it. Trump is very good at getting in the one line zinger and in this respect he has the advantage. The media loves the one line zinger because somehow or other, that conveys an ability that is presidential. I do not believe that, but America loves the one line zinger too. "Where's the beef?"

  At 9:00 a.m. ET futures are ever so slightly lower and the price of oil per barrel is up now trading at $47.50. The market is poised to open slightly lower.

  Hard to find a specific thing happening to explain the market this morning but a series of numbers on US housing and consumer interests are coming out. As far as I know both of those metrics have been fine in recent months. Notice that Apple is getting walloped with a massive tax bill in Europe.

CNN: Stocks: 6 things to know before the open by Alanna Petroff

The European Commission is demanding that Ireland recover up to 13 billion euros ($14.6 billion) in unpaid taxes from Apple.

The main U.S. economic reports out today will focus on housing and consumers.