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ShelladyOptions
Senior Contributor

OptionEye Macro Outlook - Dec. 8th

Good morning.

 

Overnight right now sees grains pretty quiet with corn up 1, beans down 2 and wheat down 2.

 

Stocks continue their slide with the S&P future down more than 15 points this morning and the Dow future down 153 points.

 

Oil trying to stay positive up .08 cents to $37.73. Where oil goes, so do stocks. Gold also basically unchanged at $1071.58 up .05 cents.

 

The 10 year yield slipping to 2.22% this morning as things look a tad weaker.

 

The dollar is also basically unchanged at 98.59 down .06.

 

Today we get NIFB SMall Business Optimism Index, JOLTS Job Openings and IBD/TIPP Economic Optimism Index.

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