Good morning. It is 70 degrees and partly cloudy here in the Upper Hudson Valley, the forecast predicts a partly cloudy day with temperatures in the high 70s this afternoon. Welcome to September, we are into the 'brr' months. How time flies. We are also in that transition period, remember what it felt like to go back to school into the next higher grade. All that is going on and more. It's a period of trying to get things in order and adjust to more activity. There's a sort of get back to work and get busy aspect to this time of year. I have nothing to say about the speech from yesterday, I can't listen to the man anymore, I just hit mute. If America in its deep wisdom decides to elect him come November, then I may spend the next four years media free. Throw out the TV, get rid of the phone, and leave the internet. I will not be able to listen to him and his effect on the country.
At 9:15 a.m. ET futures are ever so slightly higher and the price of oil per barrel is down. The market is poised to open slightly higher.
One glaring number this morning is the price of oil. It's now trading in the $44 per barrel range and sinking again. There's an oil glut and that's the name of that story as the Saudis continue to flood the globe with oil as the get rid of the thing they recognize has no future.
CNN:
Stocks: 5 things to know before the open by Alanna Petroff
One of the key economic reports coming out Thursday will be released by the Institute for Supply Management at 10 a.m. ET. ISM will post an update to its manufacturing index for August.
1 comment:
Yes, the thing they recognize has NO future. The Saudis I hear are building enormous solar arrays in the desert. One way or another they will be blessed with energy won't they? The solar energy though will last forever unlike the oil. So to convert they need the cash from the oil now and that's why their pumping away is my guess.
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