The Market On Monday

  Good morning. It is 34 degrees, cloudy and there's a few inches of white stuff out there here in the Upper Hudson Valley, the forecast predicts a cloudy day with temperatures in the low 40s this afternoon. I hope you had a good weekend. We are all nervously awaiting the age of Trump, where America in it's wisdom has decided to elect Donald Trump to be our president. I believe many of us are still wrestling with this reality. Is this true? The former reality TV star of gold and billions is on deck and ready to hit a homer run. Yes, it's true.

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

  Would you just look at oil jumping up to $53 and change in an instant on news of a new agreement to cut production. Here's a little observation - as we know our electorate is about as profoundly ill informed and crazed as it gets. As Americans, we take pride in our collective stupidity, it just goes without saying. We may be as dumb as a bag of broken hammers, but that doesn't matter. What matters is that we are proud. Therefor, keep this in mind. Trump will be entering his presidency with the price of oil ascending and with interest rates also ascending. Who boy, all of a sudden everything is going to be more expensive - gas, heating oil, everything, and it's going to cost more to get a loan. Even that 0% interest rate bonanza is facing the firing squad of inflation. Oh dear, our ill informed electorate is going to need to blame the money squeeze on somebody. Why I believe it will be Trump!


CNN: Oil surges; Travel stocks slammed; Exxon CEO in the spotlight by Alanna Petroff

U.S. crude futures jumped more than 5% on Monday after Russia and other big oil producers agreed over the weekend to join OPEC members in cutting their output next month.