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Senior Contributor

OptionEye Macro Outlook August 9th

Good morning. 

 

Overnight corn is quiet and unchanged, beans are up 2 and wheat is up 2 as well. 

 

The dollar is quiet and a bit stronger at 93.60 which is down .04 today. 

 

The stock market will open lower today with the S&P future down 9 points and the Dow future down 32 points as the North Korea rhetoric heats up. 

 

The 10 year yield trades at 2.24%. 

 

The crude oil market is hovering just below $50 at $4.37 up .20 cents and gold could be making a move here as it trades higher at $1268.13 up $7.17.

 

Today we get MBA Mortgage Applications, Non-Farm Productivity and Wholesale Inventories. But, today it is going to be about the 'fire and fury' that the market will hone in on. 

 

 

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4 Replies
Esteemed Advisor

Re: OptionEye Macro Outlook August 9th

I shelter myself from the modern media haze on purpose, so a little definition, 

what is the "fire and fury" comment referencing.

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Advisor

Re: OptionEye Macro Outlook August 9th

Something about blowing the @$$ off of some little Fat Folker with a bad haircut in North Korea

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Esteemed Advisor

Re: OptionEye Macro Outlook August 9th

I should have guessed that. Thanks BF. I also enjoyed your carefully typed description :-)

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Highlighted
Honored Advisor

Re: OptionEye Macro Outlook August 9th

oh ya................. like the spin is always greater than the subject mater. 

 

I am with time..... just trying to exist outside the media diarrhetic case of self indulgence.

 

 

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