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Senior Contributor

OptionEye Macro Outlook August 23rd

Good morning. 


Overnight, equities will be higher. The S&P future is up 5 points and the Dow future is up 44 points.


The dollar is a little cheaper this morning and trades at 94.35 which is down .16. 


Grains are a little lower which shows a little weakness this morning. We should be a getting a bump this due to a lower dollar but that is not happening. Corn is down 3 to 4, beans are down 5 to 6 and wheat down 3 to 5. No shockers in conditions yesterday afternoon. 


Crude is lower this morning as well to $47.00 down .41 cents and gold is quiet at $1340.79 up $1.69. 


The 10 year yield is still in purgatory at 1.55%. We shall see. 


We get the Markit US Manufacturing PMI, Richmond Fed Manufacturing Index and New Home Sales. 


Have a good day. 





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