OptionEye - Macro Outlook - Aug 14th
Can't find a bid and oil isn't helping. Overnight grains see corn down 3, beans down 6 and wheat down 5. I would have thought the debate over the surprising USDA numbers on Wednesday would have been more robust but the trade was strangely quiet yesterday.
Oil is down again this morning at $41.97 down .26 cents. Gold is holding its gains and is up $2.96 at $1118. 10.
Stocks are lower after yesterday's unchanged session. The S & P future is down 5 points in early trade.
The 10 year yield stands at 2.17% and looking for some direction.
Today we get PPI, Industrial Production and Capacity Utilization.
Have a great weekend.