Good morning. It is 53 degrees and rainy here in the Upper Hudson Valley. Allegedly we go up into the 60s today and then gradually it gets colder and back down around freezing in a few days or so. Well it's Thanksgiving week. Lots of households are making preparations for a celebration on Thursday. The food is getting purchased, some living spaces are getting the once over and cleaned up, and generally a sense of positive activity and friendliness pervades the week. It is also a little hectic and for some it can be a time of sadness especially if you lost someone close to you during the holidays. This happens for so many people, instead of the holidays being a time of celebration, they become a very difficult period to get through, they may even try very hard to put on a good face. If you know anyone that feels this way, just accept it and give them space and some extra love. It's not a point of disappointment, it's just life.
At 9:00 a.m. ET futures are modestly higher and the price of oil per barrel is down. The market is poised to open higher but energy stocks may once again be under pressure.
Last week's announcement by China's central bank of a base interest rate cut continues to influence the market. That along with some better news out of the eurozone and a possible treaty with Iran over all things nuclear is pushing the market up at the opening bell. The market has fluctuated quite a bit during the day in recent weeks so even though it may very well open higher, that may or may not hold through the day.
CNN:
Stocks: 3 things to know before the open
Investors seem to be in a giddy mood after China's central bank surprised the markets with a rate cut Friday and the European Central Bank hinted that it may take emergency action to support the region's economy.
No comments:
Post a Comment