Good Morning on the last trading day of 2016!
It would seem that we are going to begin the last trading day with a little bullishness at the open which is a bit surprising given the Russian sanctions that Obama delivered yesterday. I guess cooler heads will prevail and perhaps we can move into a new administration without the old creating a conflict on the way out.
In the economic news, the Chicago PMI number at 9:45 eastern but that is unlikely to inspire a surge of trading worth attention. Volumes will be extremely and expect choppy action this morning the will likely turn positively dead by the afternoon. The bond market will be closed at 2 PM eastern and I plan to be headed down the road on a short winter motorcycle ride at about the same time.
It has been a great year and I would like to thank you all for sharing it with me. I have great expectations for 2017 and think the trading will be fantastic. I want to wish everyone a fantastic weekend and Very Happy New Year!
Trade Wisely,
Doug
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