Good morning. It is 37 degrees and the Sun is making lots of gains in the last hour here in the Upper Hudson Valley. The cool trend continues for another day and then the forecast is saying it warms up over the weekend. As I am probably categorized as a liberal progressive, I normally find very little of value in the policy trends of the GOP especially in the GOP period from Reagan onward. However I tend to think that it is best to find the positive in people. It is very easy to look for flaws and negative traits in people but mentally I try to look for the positive. I would rather feed the positive wolf rather than the negative wolf. So there is the conflict, liberal versus conservatives etc where we find flaws and only flaws in the 'dark' side of politics. I think it's best to limit the criticism to the policy, and I will readily admit that I often go further and wonder what kind of person could possibly come up with these destructive policies. It's hard to separate the result from the intention with the idea that the intention is highly flawed at the root. See I have GOP friends and bottom line, they're great people. I'll continue to chew it over.
At 8:45 a.m. ET futures are flat and the price of oil per barrel is slightly lower. The market is poised to open in the flat area give or take a bit.
Earnings season is in full bloom and high tech and the NASDAQ are really rolling. Most corporations have beaten Wall Street earnings expectations, however it is the second quarter where future hesitation sets in. Companies are dong all sorts of tricks at the moment to make the balance sheets look good including cutting down on dividends, especially in oil companies. That can't go on forever and so the thought is that the piper will be payed in the second quarter barring unforeseen changes. Enjoy the weekend.
CNN: Stocks: 6 things to know before the open
Amazon stock is surging -- up about 7% premarket -- after the company reported a big jump in quarterly sales. Despite the higher revenue, the online retail giant ultimately lost money over the first three months of the year.