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Senior Contributor

OptionEye - Macro Outlook - April 28th

Good morning. 


Apple beats, Ford misses - stocks lower. The  S & P is about 8 points lower this morning as we await the Fed and their rhetoric. After we get through that, we have to suffer the GDP reading. The UK just missed on their GDP reading so the pressure grows. 


Overnight grains have corn down 1, beans up 4 and wheat down 1. Decent gains in planting progress has corn on the defensive again. 


The 10 year yield is stuck - currently trading at 1.91% and this could be the 30th day that it stays in the range of 1.86% - 1.99%. Ugh. 


Oil is a little lower but quiet. WTI is $56.71 this morning down .28 cents. Gold is a little better by .82 cents to $1202.75. 


The dollar is weaker this morning by .38 to 96.38. The dollar has been the friend of commodities lately but it is not coming through in commodity prices. Not a good sign. 


Today we get the Fed and some housing numbers with the Case/Schiller Data as well as the Consumer Confidence Index. 




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BA Deere
Honored Advisor

Re: OptionEye - Macro Outlook - April 28th

Here`s Peter Schiff.  Apple is propping up the Nasdaq, QE4 is on the way and the dollar is in chute #3. 



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