Tuesday, March 07, 2017

The Market On Tuesday

  Good morning. It is raining and it is 37 degrees here in the Upper Hudson Valley, the forecast predicts a rainy day with temperatures in the high 40s this afternoon. Well let's put it in simple terms, we have garbage for president. This crap storm is about as ugly as it gets. Hold onto your hats, it's going to get rougher and even uglier and sooner rather than later.

  At 9:10 a.m. ET DOW futures are -25 an the price of oil per barrel is up. The market is poised to open somewhat lower.

  Looks like the investment news is slumping this morning. Numbers from the Eurozone and Germany seem poor, Brazil remains a basket case, and to top it off the Fed may increase the base interest rate real soon, maybe. The good news is that if the Fed is increasing the base interest rate then the USA's employment numbers and corporate profitability are both strong. There's give and take, and right now US corporations are taking, but good.

CNN: Investors watch trade data; Earnings due; Stocks slip by Alanna Petroff
In South America, new figures from Brazil show the country continues to grind through its longest recession ever, spanning eight consecutive quarters.

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