Thursday, October 27, 2016

The Market On Thursday

  Good morning. It is 34 degrees and cloudy here in the Upper Hudson Valley, the forecast predicts a cloudy day with temperatures in the high 30s this afternoon. Some reports warned that we might even get some snow in the area as well. Yup, Summer is over. Well 12 days to go and according to Five Thirty Eight as I write this, Clinton has an 84.6% chance of winning. That makes people uncomfortable because we want to see a 100% chance of Clinton winning.

  At 9:20 a.m. ET futures are moderately higher and the price of oil per barrel is up. The market is poised to open moderately higher.

  It's still very much a nuts and bolts period in the market with investors reacting to third quarter corporate reports. Apple was down and low and behold Britain, the country, is up. Tesla is showing profit and that could be a good sign, hail the electric car.

CNN: Apple Mac upgrade; Tesla stock revs up; ZTO IPO is here by Alanna Petroff
The U.K. economy grew much faster than expected in the July to September period, according to a preliminary estimate from the Office for National Statistics.

This is the period that directly followed the Brexit referendum, so expectations for growth were low.

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