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Senior Contributor

OptionEye Macro Outlook - Dec. 1st

Good morning and happy December.


Where does the time go? The older I get the faster it goes.


Overnight grains see corn up 2, beans up 5 and wheat up 2.


The stock market should open higher this morning as S&P futures point over 7 points higher and Dow futures up 70.


The 10 year yield is at 2.23% and sitting relatively still waiting for the jobs numbers on Friday.


Oil is pretty flat this morning at $4170 up .05 cents. Gold is higher, yes higher by $2.54 to $1067.31.


The dollar is a little easier at 99.99 down .17.


Today we get Markit US Manufacturing PMI, Construction Spending, ISM Manufacturing and ISM Prices Paid.



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