OptionEye Global Macro Outlook March 27th
And...wow. Can you say volatility?
Overnight sees corn up 1, beans up 2 and wheat down 2.
The dollar is steady at 89.04 up .02.
The stock market came roaring back from Friday's sell off just as those talking heads were ready to stick a fork in it. Both the Dow and the S&P were up almost 3% yesterday. This morning the futures are pointing higher with the S&P future up more than 11 points and the Dow future up 116.
The 10 year yield stands at 2.83%.
The crude oil market is steady at $65.61 up .06 cents and gold is also quiet at $1353.00 down .44 cents.
Today we get the Case/Shiller Home Prices, the Richmond Fed Manufacturing Index and the Conference Board Consumer Confidence Index.