Tuesday, February 21, 2017

The Market On Tuesday

  Good morning. It is cloudy and 28 degrees here in the Upper Hudson Valley, the forecast predicts a partly cloudy day with temperatures in the high 40s this afternoon. Looking ahead the longer range forecast is predicting temperatures in the 60s Thursday, Friday, and Saturday with Thursday even approaching 70 degrees. That pretty much is going to mess with nature in all kinds of ways considering we are technically still in the middle of Winter. The snow continues to retreat, even the high piles at the end of parking lots are shrinking.

  At 9:15 a.m. ET DOW futures are +66 and the price of oil per barrel is up now closing in on $55 per barrel, the highest it's been in roughly over 2 years. The market is poised to open moderately higher.

  The market continues to forge ahead into new positive territory. Oil is more costly and so expect higher gas prices, they will creep up and up. Today it's also about fourth quarter corporate results from major retailers. Party on.

CNN: Retailers report; Central bank chatter; Stock rally resumes? by Alanna Petroff
Top officials from the U.S. Federal Reserve are expected to make public speeches Tuesday, which could give investors more insights into their expectations for the U.S. economy and interest rates.

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