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Senior Contributor

OptionEye Macro Outlook August 5th

Good morning. 


I think that the worst number we could get from non-farm payroll would be a number that is in line with expectations. We need a clear signal of where this economy is headed. I think we are at a very precarious point. 


Overnight corn up 1, beans up 10 bouncing off that 955.5 200 MDA and wheat up 4. 


Stocks will be quiet waiting for the numbers at 7:30. At the moment the S&P future is up more than 4 points and the Dow future up 30 points. 


The 10 year yield in limbo trying to take a hint from the numbers this morning and trades at 1.49%. 


Crude oil is lower after a good rally yesterday. This morning crude is down .33 cents at $41.60. 


Gold is basically unchanged at $1362.37 up $1.23. 


Today we get the non-farm payroll number - that's what the trade will be focused on.


Have a great weekend.  

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3 Replies
Honored Advisor

Re: OptionEye Macro Outlook August 5th

Expectations from a non farm payroll........................


We better survey this one 


Oil and gas jobs gone,   manufacturing gone, 

Highway construction at a crawl...

Potholes need federal assistance and osha approval....

Meat packing slow  with waiting lists of globalist refugees in line ahead of ya.


My expectations for non farm payroll are a little low...

But I assure you I will think about it much more this fall.

I here the line at the public assistance offices is a little shorter this week....


There you have it ........ good news

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Honored Advisor

Re: OptionEye Macro Outlook August 5th

Hireing now, apply now, signs at many stores here in Ioway.


$9 to $11 hr and up on many of them. Apply within, apply online, just apply, got to pay that much just to keep up with welfare.


Kind of like out here in the up or CRP will get it....

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Re: OptionEye Macro Outlook August 5th

Hay, Shelly what were the employment numbers? Thanks

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