The Market On Wednesday

  Good morning. It is 72 degrees, slightly sunny, and breezy here in the Upper Hudson Valley, the forecast predicts a cloudy day with temperatures in the 80s this afternoon. It feels like the deep humidity has lifted a bit. When the humidity is really high I just want to laze about. Lots to look at today, it's not worth discussing it here. As always I encourage you to comment.

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

  Notice that oil is now in the $46.50 per barrel range and that could be the end of that party, but you just never know. The Fed is considering raising interest rates in September and this is good news for Clinton. The Fed would not raise rates if they believed the economy could handle the cost. I suspect the increase would be a fraction of a percent.

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

At 2 p.m. ET, the minutes from the Federal Reserve's latest policy-setting meeting will be released. Investors will be looking for further signs of the Fed's plans for interest rates.