Good morning. It is 70 degrees and sunny here in the Upper Hudson Valley, the forecast predicts a partly cloudy day with temperatures in the 80s this afternoon. A friend of mine who lives in Texas, a Democrat, is saying that Clinton holds a 1 point lead over Trump in the state. Something is wrong. If Clinton somehow manages to pull in Texas, then hell has indeed frozen over. Meanwhile the race shows the popular vote tightening, but let's not forget that at the moment Clinton definitely holds an electoral vote advantage and she has made the race competitive in quite a few swing and red states. Clinton is holding the advantage. I was watching the news last night and the tone of it is slightly changing. The media is waking up to the fact that there is indeed a massive double standard going on with journalists riling on about emails, while Trump gets away with one outrage after the next with little consequence.
At 9:00 a.m. ET futures are slightly lower and the price of oil per barrel is down. The market is poised to open slightly lower.
Seems like a quiet morning on Wednesday. The most salient line I read involved the Fed releasing it Beige Book for September 2. I'm sure investors will be parsing that thing from every conceivable angle. The Fed as we know, holds great power over the investment world. It remains the bank of last resort backing up the American banking system.
CNN:
Stocks: 5 things to know before the open by Alanna Petroff
Apple is set to unveil its latest smartphone at an afternoon event.
The Federal Reserve will release its Beige Book for September at 2 p.m. ET, which will give detailed information about the state of the U.S. economy.
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