02-19-2016 07:51 AM
OptionEye Macro Outlook - Feb. 19th
Things feeling a bit heavy around the world.
Overnight corn is unchanged, beans down 1 and wheat steady easier.
The stock markets are slipping, kind of like they did yesterday. The Dow future is down 63 and the S&P future is down over 8 points.
Oil is and has been a driver as of late and the large stocks numbers are weighing on it. Currently oil is down .77 cents to $30.00 even.
Gold is lowing a little lustre as well and trades at $1227.23 down $3.64.
The 10 year yield is at 1.76% and kind of just hanging around.
The dollar is stronger and will be a headwind today at 97.14 up .19.
CPI for the month came out weak...where is all this inflation the government has been trying to muster??