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Senior Contributor
Posts: 1,580
Registered: ‎05-03-2010
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OptionEye Macro Outlook July 18th

Good morning. 

 

Overnight sees corn up over 8 cents, beans 11 and wheat 7 to 8. 

 

The dollar is weaker at 94.68 which is down .44. 

 

The stock market will open mixed with the S&p future steady to a bit easier and the Dow future up 9. 

 

The 10 year yield sits at 2.30% weathering the storm of bad data. 

 

The oil market trying to find its feet at $46.13 up .11 cents and gold trading a bit better at $1237.30 up $3.26. 

 

Today we get the Import Price Index, the Export Price Index, the NAHB Housing Market Index and TIC Flows. 

Senior Advisor
Posts: 2,642
Registered: ‎11-02-2010
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Re: OptionEye Macro Outlook July 18th

If you had a pile of money in the stock market dating back to spring of 09. What would you do with it right now

Asking for a friend!!!
Senior Contributor
Posts: 900
Registered: ‎01-03-2015
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Re: OptionEye Macro Outlook July 18th

Turn it to cash, treasuries or buy that farm you always wanted
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Senior Advisor
Posts: 1,026
Registered: ‎05-20-2010

Re: OptionEye Macro Outlook July 18th

[ Edited ]

Great data on the fact that you should take it out of paper and put it in to hard assets. I'd convert it into sugar, silver, and short-term Tbills. Shift it back into stocks in 2020/2021. 

 

I would NOT buy farmland. It is grossly over-valued. Since we hold all of our assets in land, I also would not sell any. Just for this guy, a terrible time to buy land in terms of timing and valuation.

Advisor
Posts: 583
Registered: ‎05-13-2010
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Re: OptionEye Macro Outlook July 18th

what about the quarter next door that you've been eyeing for years, when it finally comes up for sale?

Senior Contributor
Posts: 217
Registered: ‎01-08-2013
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Re: OptionEye Macro Outlook July 18th

Nothing looks real good right now. Heavy in cash. Spread the rest around. Buy some Dec Corn and Nov Beans. Buy a little Apple. Buy a little Berkshire Hathoway and Exxon Mobile. Sit back and watch the show. Opportunities will arise. Just not sure where. Farm Ground might get cheap in some areas real soon.

Senior Advisor
Posts: 2,642
Registered: ‎11-02-2010
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Re: OptionEye Macro Outlook July 18th

I have always strived to be diversified. So this has nothing to do with land or farming. It is investment that will be used as a retirement down the road, so I have no plans to tie it into farming. I just wanna protect what I consider dumb luck timing stepping in during the gutting and riding it for 8 years.

And I am at a loss to what I should do.