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ShelladyOptions
Senior Contributor

OptionEye Global Macro Outlook May 8th

Good morning. 

 

Overnight sees corn up 2, beans up 6 and wheat sharply unchanged. 

 

The dollar is continuing to be strong and stands at 93.12 up .37. 

 

The stock market looks to open quietly lower with the S&P future down 4 points and the Dow down 26. 

 

The 10 year yield stands at 2.96%. 

 

Crude oil is trying to hang on to $70 and trades at $70.11 down .62 cents. The gold market is also trying to hang on to $1300 and trades at $1309.84 down $4.29.

 

Today we get the NFIB Small Business Optimism Index and the JOLTS Job Openings. 

 

 

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