Reply
Highlighted
Senior Contributor
Posts: 1,589
Registered: ‎05-03-2010
0

OptionEye Macro Outlook February 2nd.

Good morning. 

 

It will probably be a little quieter today as the managed money and larger investors prepare for tomorrow's non-farm payroll report. 

 

Overnight we see corn 1 lower, beans 2 lower and wheat down 2 as well. 

 

The dollar is a little weaker at 99.40 down .23. 

 

The stock market will open a bit lower with the S&P future down by around 6 points and the Dow future lower by 50 points. 

 

The 10 year yield taking a little cover and backing up to 2.46% after having made another run at 2.50%. 

 

The crude market a little higher at $54.18 up .30 cents and the gold market is also up on some uncertainty and save haven plays at $1221.83 up $12.06.

 

Today we get Challenger Job Custs, Initital Jobless Claims, Continuing Claims and the Bloomberg Consumer Comfort Index.