The Market On Tuesday

  Good morning. It is 27 degrees and overcast here in the Upper Hudson Valley, the forecast is predicting sunshine and back into the 30s this afternoon. We caught the side edge of a coastal snowstorm and it looks like we got a few inches of snow in my neighborhood, not quite enough snow to cover the pachysandra. Today is the big day as the New Hampshire primary gets underway, voting began this morning. I was listening to Trump last night and all I was thinking was since when did an utter lack of dignity and a need to incite violence become presidential qualities. The bottom of the barrel is being scraped.

  At 8:50 a.m. ET futures are significantly lower and the price of oil per barrel is around $30. The market is poised to open lower.

  A series of harsh global realities are affecting markets today. Trouble in China, Japan, Italy, the EU generally, and the ongoing pressure on oil are contributing to today's sell off. The global market is sticky at the moment. Hold onto your hats.

CNN: Stocks: 6 things to know before the open

Italian banks fell more than 6% at the open and some were suspended limit down. Italian financial stocks continue to suffer from concerns about their stability despite recent reassuring comments from the European Central Bank and the Italian government.