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ShelladyOptions
Senior Contributor

OptionEye Global Macro Outlook February 7th.

Good morning. 

 

Things look to have settled down a bit but I am not letting my guard down. 

 

Overnight corn is up 1, beans up 6 and wheat up 5. 

 

The dollar is ever so slightly higher at 89.75 up .17. 

 

The stock market had another wild ride yesterday and managed to settle well to the upside. This morning the S&P future is on another wild ride and is currently down 26 points and the Dow future down 243 at the time of writing. 

 

The 10 year yield stands at 2.76%. 

 

The crude oil market is a bit lower but quiet at $63.28 down .11 cents. Gold is up at $1328.59 up $4.49. 

 

Today we get MBA Mortgage Applications, Consumer Credit and Revisions to the Consumer Price Index - but all of that will take a back seat to  the volatility in the markets. 

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1 Reply
sw363535
Honored Advisor

Re: OptionEye Global Macro Outlook February 7th.

Thanks Scott for your economics analytic work as a news adviser............  just saw you comment on the market news on TV....

Appreciate your representation of Ag. and "common sense".

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