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ShelladyOptions
Senior Contributor

OptionEye Macro Outlook August 19th

Good morning and Happy Friday. 

 

Overnight grains  are lower with corn 1 to 2 lower, beans 15 to 16 lower and wheat 1 lower. Not a pretty start. 

 

Stocks are going to open lower this morning with the S&P future almost 6 points lower and the Dow future lower by 48 points. 

 

Oil has been on a nice bull run lately and this morning is basically unchanged at $48.18 down .04 cents. Gold is quiet as well at $1345.28 down $6.95. 

 

The 10 year yield is stuck at 1.55%. 

 

The dollar is a bit stronger at 94.40 up .24. 

 

Today we get no economic indicators so the in the dog days of August we are are our own...

 

Have a great weekend. 

 

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