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Senior Contributor

OptionEye Macro Outlook - Feb. 11th

Good morning.


Here we go again. Stocks overnight getting slammed. Oil getting slammed. Not going to be a pretty start to the day.


Corn unchanged, beans up 1 to 2 and wheat up 1 to 2 as well. Pretty good considering.


S&P futures are lower by 32 points this morninga and the Dow future is lower by 272 points. Ugh.


Oil  off by .84 cents to $26.61. Hard to believe I am even writing that price down. Filled up this morning on the way in for $1.33/gallon.


Gold is spiking higher on the nerves and is currently up $43.35 to $1240.47 and still rallying.


The 10 year really showing strains as it approaches 1.50% and trades at 1.56% right now.


The dollar is weaker again to 95.45 down .43.


We get Initial Jobless Claims, Continuing Claims and the Bloomberg Consumer Comfort Index.


Hang on tight.

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