Wednesday, February 01, 2017

The Market On Wednesday

  Good morning. It is 28 degrees and cloudy here in the Upper Hudson Valley, the forecast predicts a partly cloudy day with temperatures in the high 30s this afternoon. Hey, hey, hey, it's February and we are clearly seeing the return of light. I think of light when I think of February. The good news is the light, the bad news is, well yeah, that.

  At 9:30 a.m. ET the DOW is a +73 and the price of oil per barrel is up. The market will open moderately higher

  Keep your eye on the Fed announcement this afternoon about the base interest rate. Notice that Apple is making money hand over fist.

CNN: Apple shines; Fed in focus; Facebook earnings by Alanna Petroff
The Fed will announce a new interest rate decision at 2 p.m. ET -- its first of the Trump era. The central bank last hiked rates in December.

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