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ShelladyOptions
Senior Contributor

OptionEye Global Macro Outlook February 5th.

Good morning. 

 

Overnight sees corn down 2, beans down 6 and wheat down 5 - another rough start to the week. 

 

The dollar still soft at 89.09 down .10. 

 

The stock market took a dive on Friday with the Dow down 665 points. This morning it has slowly recovered from its lows and looks to open slightly lower. The S&P future is down almost a point and the Dow future is down 42. 

 

The 10 year yield getting all the headlines as it trades higher and this morning it is basically unchanged from Friday at 2.839%. 

 

The crude oil market is a bit lower at $65.19 down .26 cents and gold is a bit higher at $1334.88 up $1.98. 

 

Today all eyes will be on stocks for any sort of recovery. We also get the Markit US PMI numbers, ISM, MBA Mortgage Foreclosures and Mortgage Delinquencies. 

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