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ShelladyOptions
Senior Contributor

OptionEye Macro Outlook April 16th

Good morning. 

 

Overnight sees corn down 1 to 2, beans up 1 and wheat down 5. 

 

The dollar is weaker at 89.55 down .24. 

 

The stock market is looking to open higher in sync with Europe with the S&P future up 14 and the Dow future up 135. 

 

The 10 year yield inching higher at 2.86%. 

 

The crude oil market is lower for the first time in 6 sessions and stands at $66.69 down .70 cents. Gold is quiet at $1343.09 down $2.33

 

The markets have generally accepted and agreed to the actions on Friday night in Syria. Now we wait for any retaliations or further sanctions. It is a headline waiting game now. 

 

Today we get Empire Manufacturing, Retail Sales, the NAHB Housing Market Index, Total Net TIC Flows and Net Long-term TIC Flows.

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