OptionEye Macro Outlook - Dec. 2nd
Overnight grains see corn down 1, beans up 3 and wheat unchanged.
The 10 year yield came in hard yesterday to 2.14% and now stands at 2.15%. The economic numbers yesterday actually suggested that the economy is contracting not expanding. That sent the equities higher with the thought that there may be a delay or a slower raising of interest rates. This morning the S&P future is flat and the Dow future is down 22.
Oil is lower by .51 cents to $41.34. Gold is lower again to $1067.16 down $2.13.
The dollar is up .27 to 100.07.
Today we get MBA Mortgage Applications and ADP Employment Changed.