OptionEye - Macro Outlook - Aug 6th
And it all starts to unwind....
Russia moves a ton of troops to the Ukraine border and the equity market takes note. That will be the headline of the day as the 10 year yield continues its march to 2.10%.
As for grains, is unchanged to slightly easier, beans are down 2 to 4 and wheat is higher by 4 cents.
Back to the 10 year as it breaks through the old low of 2.44% and it will be interesting to see how this all plays out. Either way it will be fun to watch those in the 'raise rates earlier' camp deal with this new level.
Gold is up today by $13.67 to $1302.50. Oil is alos better by .27 cents to $97.65.
The dollar is stronger again this morning and sits at 81.60 up .28.
Stocks are off about 7 points in the S & P with Europe off 1.00%-2.00% across the board.
Re: OptionEye - Macro Outlook - Aug 6th
It looks like your buddy the "VIX" is showing fear galore? Can you tell us the VIX story, again? How is this a measuring stick for Wall Street and Mainstreet?