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Senior Contributor

OptionEye Global Macro Outlook July 5th

Good morning.


Why does it always feel like the 3 day weekends go by a lot quicker. Oh well.


Overnight, stocks trade lower with the S&P future down over 11 points and the Dow future down over 90 points. We are set for bumpy summer.


The grain markets see overnight action closed for the holiday season. Let's see if the recent price action can continue on its path.


The 10 year yield really showing signs of nervousness with its march to new lows. Currently it trades at 1.38%.


Gold is lower as well at $1348.10 down $2.96 and oil is lower to $47.64 dwon $1.35. Already off to a rocky start.


The dollar is basically unchanged and looking for some direction at 95.59 down .05.


Today we get Factory Orders, Durable Goods and Capital Goods.


Happy trading.


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