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Senior Contributor

OptionEye Macro Outlook December 21st

Good morning. 

 

Overnight, things getting quieter. Corn steady to a little easier, beans up 3 to 4 cents and wheat 1 to 2 lower. A pretty mixed bag this morning. 

 

The dollar is a little cheaper thi s morning at 102.95 down .34. 

 

The 10 year yield trades at basically where it was all day yesterday - 2.56%. Pretty quiet in the fixed income world as well. 

 

Stocks are the headline of the day as the Dow has had 17 record high closes since the election. Dow 20k is all the talking heads can chat about. This morning they will open mixed as the S&P future is almost 2 points lower and the Dow future is higher by 2 points.

 

Crude still grinding higher at $53.64 up .34 cents and gold trades at $1135.54 up $3.26. 

 

Today we get MBA Mortgage Applications and Existing Home Sales. 

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