The Market On Monday

  Good morning. It is 46 degrees and it is overcast and breezy here in the Upper Hudson Valley. The forecast predicts an overcast day and that temperatures will hit 60 degrees this afternoon. The latter half of the week looks to be warmer and sunnier. I hope you had a good relaxing pleasant weekend. We were busy around here with errands and all kinds of activities including my monthly haircut. As I get older my ideal haircut leaves the remaining hairs on my head about 1/4 inch long. Now that is comfortable. Let's see what's new in the world of Trump news.

  At 8:30 a.m. ET futures are slightly higher and the price of oil per barrel is up. The market is poised to open slightly higher.

  When I last looked a few minutes ago, oil was trading at $47.22 and that is the highest number seen in well over half a year. All the reading I've been doing on oil points to two things. The supply/demand ratio will equalize in the last part of the year and oil demand is rising. The good news is that oil prices will rise and that means people can start once again gearing towards better gas mileage and be more conservative with using the stuff. The bad news is the obvious in that the CO2 footprint is increasing in a time when it needs to disappear. All of the talk about reducing carbon emissions as far as I can see are simply talk. The economics of the globe takes top priority even over the actual sustainability of the globe itself.

CNN: Stocks: 4 things to know before the open by Alanna Petroff

(oil) Prices are rising Monday in reaction to a Goldman Sachs (GS) report that says oversupply in the market has come to an end due to "sustained strong demand as well as sharply declining production."