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Senior Contributor

OptionEye - Macro Outlook - Dec. 24th

First of all I would like to wish all of you a very merry Christmas and a happy new year. It is a joy to be able to communicate and share with everyone on this site. I veiw it as a honor. 

 

Overnight, corn unchanged, soybeans down 4 and wheat up 1. 

 

Stocks are slightly higher in thin trade after a record close yesterday. GDP was the main driver propelling most of the buying. 

 

The 10 year yield also getting a boost from that GDP number as we see it climb to 2.26%. I am still skeptical but have to be on the sidelines for now. 

 

Gold is up $1.02 to $1177.67 and quietly hangs out below $1200. 

 

Oil will be the story today in quiet trade as it is off by $1.23 to $55.89 already this morning. Oil sliding on reports that the 'recovery' in the US is not good enough to stem the tide of over supply. 

 

The dollar is just a little weaker by .15 to 89.91.

 

Today we get Mortgage Applications and Continuing Claims. 

 

Have a fun and safe holiday. 

 

 

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Senior Advisor

Re: OptionEye - Macro Outlook - Dec. 24th

Oh well believe us Scott, the pleasure is all yours. HA HA, just yanking' your chain a little.

We all appreciate your comments and the information you share.

Likewise, wishing you a Merry Christmas and Happy New Year as well.
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Advisor

Re: OptionEye - Macro Outlook - Dec. 24th

thanks for the information all year and Merry Christmas
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