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Senior Contributor

OptionEye Global Macro Outlook March 1st

Where does the time go?

 

Already into March. Bring on the volatility. 

 

Overnight sees corn steady better, beans up nearly 6 cents and wheat down 1 to 2. 

 

The dollar is stronger at 90.71 up .099.

 

The stock market is pointing lower with the S&P future lower by 4.5 points and the Dow future down by 60.

 

The 10 year yield stands at 2.84%. 

 

Crude oil is lower today at $61.21 down .43 cents and gold is lower as well at $1310.73 down $7.65. 

 

Today we get Personal Income, Personal Spending, Real Personal Spending, the PCE Deflator, Core PCE, Initial Jobless Claims, Continuing Claims, the Bloomberg Consumer Comfort Index, Markit US PMI's, Construction Spening, ISM and Wards Domestic Vehicle Sales. 

 

Bring on spring!

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