Good morning. It is 48 degrees and sunny here in the Upper Hudson Valley, the forecast predicts a sunny day with temperatures in the mid 50s this afternoon. I'm thinking part of how the next four years might go is that Trump makes good on his promise to revive the Rust Belt, with a push to increase infrastructure spending in those areas. It's the new Deal hits the Rust Belt. The bill for that will be on you. Simultaneously tax cuts along with government spending means that the deficit soars which is always a great opportunity to cut tattered, invisible, social spending always a GOP favorite.
At 9:10 a.m. ET futures are slightly lower and the price of oil per barrel is up. The market is poised to open slightly lower.
It's back to the Fed as investors get news that there may indeed be a base interest rate hike in December. This is big news. I think all those amazing 0% interest rate credit card deals that I have used over the last few years, might be finished. We shall see. Notice that oil is presently rising again now priced over $46 a barrel.
CNN: Fed in focus; Back into bonds; Tracking U.S. dollar rally by Alanna Petroff
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