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Senior Contributor

OptionEye Macro Outlook December 1st.

Good morning. 

 

Getting closer to Feb. Can't believe how time flies. 

 

Overnight sees corn 1 lower, beans 4 lower and wheat 1 lower as well. Negative across the board. 

 

The stock market will open a little mixed this morning with the S&P future lower by about a point and the Dow future higher by 7 points. 

 

The dollar is stronger this morning at 100.58 up .20 in early trade. 

 

The 10 year yield hanging on to that 2.50% level this morning at 2.51%. 

 

The oil market is lower this morning at $53.39 down .39 cents and the gold market is lower too at $1183.87 down $4.68. 

 

Today will be interesting as we get GDP, Personal Consumption, Core PCE, Durable Goods, Capital Goods and the University of Michigan Sentiment Survey. 

 

Lots to get through today. Have a great weekend. 

 

 

 

 

 

 

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