Senior Contributor
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Registered: ‎05-03-2010

OptionEye Macro Outlook April 13th

[ Edited ]

Good morning.


Overnight sees corn up 2, beans up 10 and wheat up 2. 


The dollar is weaker giving all commodities a bit of a boost and trades at 100.33 which is down .33. 


The 10 year yield is trading at 2.22% as this yield implodes for a number of reasons both technical and fundamental. Global tensions, key levels and a flight to safety have the bond bears on the run. 


The stock market is lower with the S&P future down 6.75 points and the Dow future down 37 .How do you price in nuclear war risk? 


The oil market is quiet at $53.09 down .02 cents. The gold market sits at $1287.70 up .78 cents. 


Today we get PPI, Initial Jobless Claims, the Bloomberg Consumer Comfort Index, and  the University of Michigan Sentiment Survey.


Have a great long Easter weekend.