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OptionEye Macro Outlook April 21st

Good morning. 

 

Overnight sees corn basically unchanged to a little lower, beans are up 2 to 3 cents and wheat is sharply unchanged. 

 

The dollar is a little stronger at 99.92 up .14. 

 

The stock market wants to open a little higher this morning with the S&P future up 2.25 and the Dow future up 7 points. 

 

The 10 year still yelling 'danger' as it trades at 2.23%. Gold is a bit higher and quiet at $1284.06 up $2.18. 

 

There are a lot of things to take note of as of late. The French elections and possible terror. How might terror affect those elections? The oil market just cannot catch a bid - even with OPEC and a weaker dollar it seems to just lay there. Has Trump seen something we haven't ?He has done a U-turn on Yellen and  a strong dollar. Makes me wonder. We shall see.....

 

Today we get the PMI's and Existing Home Sales - what we won't get is any significant inflation and growth.