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ShelladyOptions
Senior Contributor

OptionEye Macro Outlook - Dec. 2nd

Good morning..

 

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.

 

 

 

 

 

 

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