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Senior Contributor

OptionEye Macro Outlook August 30th

Good morning. 


Very quiet day yesterday. I expect the same today. We have non-farm payroll on Friday and this is technically the last week before school starts so lots of people out. 


The 10 year yield coming in yesterday as a couple of Fed officials walk back Fischer's remarks on Friday. This morning the 10 year yield trades at 1.57%.


The grains are quiet with overnight corn steady to a bit easier, beans down 1 to 2 and wheat bucking the trend up a penny. 


The stock market wants to open quietly as well with the S&P future down just under a point and the Dow future unchanged.  


Oil is a bit higher this morning at $47.28 up .30 cents. Gold is lower at $1320.77 down $2.73. 


The dollar is stronger at 95.76 up .18. 


Today we get the S&P CoreLogic numbers and the Consumer Confidence Index. 



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