Good morning. It is 68 degrees and it is raining here in the Upper Hudson Valley. The forecast predicts a rainy day with temperatures in the high 70s this afternoon. It's great getting the rain and a respite from the very intense heat and humidity of the past few weeks. What a wicked four days for Donald Trump, can it get any worse? I think it can get worse as Trump seems to have this extraordinary capacity for lowering the bar of discourse just when you thought it had already hit the bottom rung. Recapping, we have - Khan, Trump's vicious response to Khan, followed by the roar of the US responding to Trump's vicious Khan statements, there's Trump's bizarre NFL letter lie about the debates since the debates were planned last year before anyone even knew who the candidates would be, and then we have Trump utterly clueless on Russia, the Ukraine, and Crimea on national TV for all to see. Will this hurt Trump? It should, but his supporters seem to be invulnerable to Trump's incompetence. They don't hear a word and it's truly a stunning mess to behold. George Will is saying this could be the straw that broke the camel's back. Let's see what the polls have to say about it over the next week or two.
At 9:15 a.m. ET futures are modestly higher and the price of oil per barrel is down. The market is poised to open modestly higher.
The market is starting out on Monday on a nice note as it were. Notice that Tesla is about to acquire Solar City. Do you see the idea here, we are already getting nascent mega- corporations that have a bit of a monopoly on green energy.
CNN:
Stocks: 5 things to know before the open by Alanna Petroff
Shares in SolarCity (SCTY) are rising premarket based on expectations that it will announce an agreement to merge with Tesla (TSLA).
2 comments:
OIL going south as I predicted, now under $40 and falling. Driving season almost at an end. The fact that drilling rigs are once again on the rise indicates a rush to get it all up and out before an even deeper decline as the long distance bats. and the tidal wave of new technologies advance toward the markets. The planet is demanding the end of the use of this crap sooner then later and our genius is rising to now to meet the threat. It's very late , but it's finally happening! So, the future for BIG FOSSIL is increasingly on shaky ground.
Could be, could be, one thing I have learned over time though is that all aspects of the market are subject to unpredictable changes.
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