OptionEye Macro Outlook February 15th
Overnight we see corn down 1, beans down 1 and wheat down almost 1. Pretty quiet. But I must admit they are all still holding in there pretty well.
The dollar strengthens on Janet Yellen testimony yesterday and now trades at 101.47 which is up again early by .22 points.
The 10 year yield rallied on the back of that testimony as well. It is now testing that 2.50% level and stands at 2.47%.
The stock market set new all time highs yesterday but is mixed this morning with the S&P future down just over 1 point and the Dow future up 15.
The oil market is rooted at $52.94 down .26 cents and the gold market down a tad at $1226.02 down $2.18.
Today we get a lot of numbers with MBA Mortgage Applications, Empire Manufacturing, CPI, and Retail Sales.