Tuesday, March 14, 2017

The Market On Tuesday

  Good morning. It is 20 degrees and snowing, snowing, snowing, here in the Upper Hudson Valley, the forecast predicts snow, up to two feet of it by storm's end tomorrow. The snow makes life very simple, I will be shoveling the driveway, and shoveling the entrance way, then repeat, then rest.

  At 9:05 a.m. ET DOW futures are -51, and the price of oil per barrel is down. The market is poised to open moderately lower.

  Wall Street's mood is low this morning. Oil continues to fall on oversupply. The snow is barreling down and I would suspect many traders are in bed. Notice how the Brexit is affecting the value of the pound, so much for nationalism.

CNN: NYSE weathers the storm; Bill Ackman ditches Valeant; Pound hammered by Alanna Petroff
The British pound was lower against all major currencies as investors reacted to the latest Brexit developments.

The British Parliament has passed a bill that will allow Prime Minister Theresa May to launch talks to leave the European Union.

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