The Market On Thursday

  Good morning. It is 52 degrees and cloudy here in the Upper Hudson Valley, the forecast predicts rain and temperatures in the high 50s this afternoon. Hey, the Cubs won the World Series. I was watching the game up through the first half of the tenth inning, then I packed it in because it was getting too late. But, how about those Cubs. It's been what, a century since they got the World Series win. It's been an excellent diversion from you know what.

  At 9:15 a.m. ET futures are modestly higher and the price of oil per barrel is up . The market is poised to open moderately higher.

  As we know market has been on a bit of a losing streak for about a week. Investors are jumpy as they learn that the election is tightening. Hillary Clinton is the favored candidate of Wall Street as it is perceived that her presidency would not really change the Wall Street status quo. Notice that the Fed did not change the base interest rate but suggested that the rate would be increased in time. Notice also that the Brexit is coming under fire in England, it's might not happen after all. That, would be good.

Reuters: S&P looks set to snap seven-day losing streak

The U.S. central bank held interest rates steady, but said the economy had gained steam and job gains remained solid.