Friday, September 30, 2016

The Market On Friday

  Good morning. It is 55 degrees and cloudy here in the Upper Hudson Valley, the forecast predicts a rainy day with temperatures in the high 50s this afternoon. It's the last day of September, time is flying. We are heading into October and the final stretch in the campaign to elect a new president. Trump has had a ridiculously bad week and Clinton is clearly benefiting with a boost in preliminary polls. At some point today we will see real polling on the effect of the debate. I suspect Clinton will get that little bump, maybe a percent or two, and that little bump will give her a definite positive push in the swing states.

  At 9:20 a.m. ET futures are ever so slightly higher and the price of oil per barrel is slightly up, now trading close to $48. The market is poised to open slightly higher.

  It's the end of another month. Next week we will get important numbers on September job growth or lack there of. This morning it is Germany's Deutsche Bank that is under pressure and is pulling Eurozone stocks lower. This seems to have had a ripple effect on Wall street this morning.

CNN: Deutsche Bank slumps; European markets follow; Brexit relief by Mark Thompson
Deutsche Bank's woes triggered hefty losses for European banks more broadly, pulling the region's main market indexes lower.

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