I did tune into Rachel Maddow last night, hoping for fireworks. Instead we got two pages of Trump's 2005 tax returns which were not fireworks. Many suspect that Trump himself planted these and this certainly seems plausible. My actual TV view of the show on MSNBC was streaky so to speak. There were glitches and sputters to the video and I suspected a hack, possibly. If it were that, we will find out soon enough. Rachel Maddow be safe, she is on the cutting edge of the Trump resistance. I mean to say, I hope she has a lot of protection.
At 8:30 a.m. ET DOW futures are +32 and the price of oil per barrel is up. The market is poised to open moderately higher.
Snow storm aside, the Fed may very well raise the base interest rate today. This is the biggest news in my opinion for the morning. The rate hike indicates that the Fed, the dollar's bank of last resort, the back stop to the American and much of the global dollar economy, believes that economic conditions in the US continue to improve. A modest rate hike is no big deal, but it will make borrowed money a little more expensive. The completely free ride period is over, for now.
CNN: Fed decision looms; Dutch election; Oil's wild ride by Ivana Kottasova
All eyes are on the U.S. Federal Reserve, which is widely expected to raise interest rates at the end of its meeting on Wednesday.