Good morning. It is 12 degrees and partly sunny here in the Upper Hudson Valley. Actually we were expecting it to be much colder. I hope you had a good reviving weekend. We finally got above freezing for the first time in about a decade yesterday and now we have the frozen results of that brief melting period all over the roads. I watched the pitiful Knicks get trounced by Cleveland on TV yesterday. Following the Knicks this year has been a real trial, from expecting the team to make the finals, to accepting their rebuilding activity, to now simply watching to see if they can execute at least one decent play fulling knowing that they will lose the game. It's a lesson in humility.
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 and energy equities will get walloped.
Investors are cheering on a new deal that keeps Greece afloat in the eurozone for a little longer. That whole general ongoing deal is simply a mess but I suspect there is a strong desire to keep Greece in the eurozone and prop the country up.
CNN:
Stocks: 4 things to know before the open
...investors welcome a new conditional deal that should see Greece stay in the eurozone, at least for the next four months.
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