OptionEye Macro Outlook December 1st.
I can't believe it is December already.
Good morning and I hope you are all in the holiday spirit.
Overnight corn is up 1, beans are up 6 and wheat is up 1.
The 10 year yield bleeding out again this morning in front of non-farm payrolls tomorrow. It is starting to be an opportunity. This morning it trades at 2.41%.
Stocks will be a little lower with Europe this morning with the S&P future lower by over 3 points and the Dow future down by 9 points. Quiet.
The oil market tacking on .49 cents to $49.93 after yesterday's OPEC announcement and subsequent 10% rally. The gold market still laying there at $1169.88 down $3.37.
The dollar is down a bit today at 101.15 down .35.
Today we get Inititial Jobless Claims, Continuing Claims, the Bloomberg Consumer Comfort Index, Markit US Manufacturing PMI, Construction Spending, ISM Manufacturing and ISM.