Good morning. It is 70 degrees and sunny here in the Upper Hudson Valley. The weather logo is suggesting we get rain today. Could be. We see that Israel is in the process of bombing Palestinian Hamas targets. I would have thought that in my lifetime I would have seen at least some progress towards peace there but it's not going to happen. Think about all the animosity that still sits in the minds of many Southerners 150 years after the end of the Civil War. This forms the basis for a huge portion of the intense divisiveness in Washington DC with no abatement in sight whatsoever. In fact it's just the opposite as the animosities are even stronger and growing. So tell me what kind of chance Israel and Palestine have towards a reasonable and near future peace - the answer is no chance at all.
At 8:30 a.m. ET futures are modestly lower and the price of oil per barrel is down. The market is poised to open lower.
After today's closing bell, Alcoa will kick off the second quarter corporate report season. The immediate future of the market barring a major global calamity will be found in the tea leaves of the reports. Once again investors are at the precipice, will the reports indicate a good reason to push the indexes higher, or not. We know many of the factors - quantitative easing, employment, consumer spending, etc etc.
CNN:
Stocks: 4 things to know before the open
Aluminum producer Alcoa reports earnings after the closing bell, marking the start of the quarterly results season.
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