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ShelladyOptions
Senior Contributor

OptionEye Global Macro Outlook June 8th

Good morning. 

 

Overnight sees corn up over 2 cents, beans up over 5 and wheat up over 2 as well. 

 

The dollar is basically unchanged as we await the British election results and the Comey testimony. This morning it trades at 96.69 down .05.

 

The stock market is going to open a bit higher with the S&P future up 2 points and the Dow future up 29 points. 

 

The 10 year yield finding some strength and trades at 2.18%. 

 

The oil market trying to find its feet this morning and trades at $45.99 up .27 cents. So much for 'manufactured' rallies. Gold is quiet at $1286.61 down .49 cents. 

 

Today we get Initial Jobless Claims, Continuing Claims, the Bloomberg Consumer Comfort Index and Household Change in Net Worth. 

 

They all pale in comparison as we watch Comey and await the British election results. 

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