Good morning. It is a frigid 10 degrees with grey clouds here in Upstate NY. The polar lock down freeze continues. The weather logo is promising above freezing temperatures later today and if that occurs that will be the first time we've felt it above 32 degrees in a long time. I've got my shorts and t-shirt ready because I expect it to feel like a heat wave. We've got the light back, we could now use a little warmth.
At 8:40 a.m. ET futures are slightly higher and the price of oil per barrel is up. The market is poised to open slightly higher.
This just in - U.S. economy added 175,000 jobs in February, Labor Department says. Unemployment rate was 6.7%. In my opinion this is a miserable number however it beats the paltry expectations of "chief economists." As usual the number will be rung up the flagpole and either praised or eviscerated depending on one's political leaning. How the markets react is as of yet unknown.
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