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Senior Contributor

OptionEye Macro Outlook December 15th

Good morning. 

 

Overnight trains see corn steady easier, beans down 1 and wheat down 3. 

 

The Fed raised rates .25% yesterday and the bond market had some adjusting to do. The 10 year yield trades at 2.62%. 

 

The dollar is screaming higher at 103.10 up 1.34. 

 

The stock market is taking it all in very well. The S&P future is steady to a little lower and the Dow future is up 16 points.

 

The oil market sold off yesterday but is fairly stable today. Crude is at $51.18 up .14 cents. Gold getting hit at $1131.82 down $11.08.

 

Today we Empire Manufacturing, CPI, Initital Jobless Claims, Continuing Claims, Philadelphia Fed Business Outlook, Bloomberg Consumer Comfort Indes and Markit US PMI. 

 

Should be an interesting day. 

 

 

 

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