Tuesday, September 27, 2016

The Market On Tuesday

  Good morning. It is 59 degrees and cloudy here in the Upper Hudson Valley, the forecast predicts a sunny day with temperatures in the 70s this afternoon. Well, we were all concerned that somehow Trump would gain the upper hand in the first debate. He did not, in fact Trump failed miserably. His performance was childish, rude, incoherent, and a sniffling mess. After weeks of Trump hitting Clinton over her health, the orange guy shows up at the major moment sniffling like a little baby, and looking remarkably unhealthy. Clinton was poised, prepared, smart, and presidential. Trump will never be presidential, it's hopeless. Now we wait a few days and see if any of this affects the polls. The newspapers of record, unanimously declare Clinton the victor, and for good measure so did all the betting markets, with Clinton's chances of winning in the gambling sector rising. Let's hope that Clinton sees the blood in the water and swoops in to finish off this clown in the next debate, leaving the helpless Trump hysterically shaking like the little petulant infant that he is. Expect Trump surrogates to be on the air all day long attempting to spin the disaster and attempting to clean up the huge pile of dung left by Trump on the collective global conscience.

  At 8:30 a.m. ET futures are modestly higher and the price of oil per barrel is down. The market is poised to open modestly higher.

  Investors seemed relieved that debate one went Clinton's way with the market reacting positively this morning. It is the big OPEC meeting in Algeria that has everyone's attention. No agreement on oil production will be reached.

CNN: Stocks unruffled by debate; oil down as OPEC meets; Deutsche slides again by Ivana Kottasova
All eyes will be on OPEC oil ministers meeting on the sidelines of an energy forum in Algeria. The oil cartel is trying to build consensus for a production cut to support prices.

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