The Market On Tuesday

  Good morning. It is 59 degrees and cloudy here in Upstate NY. The jacket is on as it's cool out, and time continues to fly by with only one more day of July. Where did the month go. July 2013 will go down in US history as the time of the Zimmerman trial, now there's a tainted legacy if there ever was one. I think one of the drawbacks of the internet is that we are now able to get connected to the blue collar news as it occurs and actually read about it in greater quantities. The problems that mankind creates for itself are on display all day long. Now I found the FBI's operation which took down child prostitution pimps throughout the country to be mixed in the sense that it's good that it's gone but it's simultaneously a burden knowing that this type of monstrous activity is occurring throughout the country. I mean 75 cities - pure misery. A stream of positive uplifting stories is not on display, is it.

  At 8:00 a.m ET futures are modestly higher and the price of oil per barrel is down. The market is poised to open in the mixed to slightly higher area.

  On Wednesday investors will get to parse a new statement from the Fed. This is as always a big deal and will potentially shake the market in either direction depending on the news. Then on Friday there's the all important government data on job creation in July. Right now these two are the big movers of the week. Otherwise it's still primarily about corporate second quarter results.

CNN: Stocks: Looking to rebound after Monday's losses

The S&P Case-Shiller index, which measures home prices in 20 major markets, will be released at 9 a.m. ET. At 10 a.m., the Conference Board will release its monthly reading on consumer confidence.