OptionEye Global Macro Outlook December the 1st
Can it really be December?
Overnight sees corn steady to a bit better, beans up 2 and wheat up 1.
The dollar is a little cheaper at 92.93 down .11.
The stock market surged through 24,000 yesterday and there is a sure bet that the talking heads will now be asking about 25k before Christmas. Ugh. Overnight sees the S&P future off 2.75 points but the Dow future up another 21. A mixed start so far this morning.
The 10 year yield trades at that significant level of 2.40% as stocks rallied.
The crude oil market is a bit higher at $57.68 up .28 cents and the gold market is quiet at $1276.25 up $1.31.
Today we get the Markit US Manufacturing PMI, the ISM readings, Construction Spending and Wards Total Vehicle Sales.
Have a great weekend.