Monday, March 06, 2017

The Market On Monday

  Good morning. It is 21 degrees and sunny here in the Upper Hudson Valley, the forecast predicts rain later and temperatures in the high 40s. It's been pretty cold around here the last few days, looks like we get a respite later on. Holy crap what a week it has been. It is clearer and clearer that Trump is up to his eyeballs in dirty Russian business. I would very highly recommend that you read this following article to get a sense of some of his Russian dealings, it's far far greater than what is generally known or suspected. Please read it or even some of it.

  The American Interest: The Curious World of Donald Trump’s Private Russian Connections James S. Henry

  At 9:15 a.m. ET the DOW is -48 and the price of oil per barrel is down. The market is poised to open moderately lower.

  On Friday we get the monthly jobs report. If it's poor the Fed might rethink it's upcoming planned base interest rate hike. Otherwise, the morning is starting out with a stinker.

CNN: GM exits Europe; Deutsche Bank wants $8.5B; Markets in the red by Charles Riley
U.S. markets closed flat on Friday after Fed chair Janet Yellen signaled that an interest rate hike would likely come when Fed leaders meet next week.

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