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Senior Contributor

OptionEye Macro Outlook February 6th

Good morning...maybe. 

 

Big sell off in stocks goes around the world and it looks as though the US will open lower again today. 

 

The grain markets overnight see corn steady to a bit easier, beans up almost 6 and wheat steady. 

 

The dollar is a bit stronger at 89.97 up .41. 

 

The equity markets are all over the place. The Dow was down nearly 1200 points yesterday after being down almost 1600 in the session. This morning the Dow future is down 219 and the S&P future down over 12.

 

The 10 year yield stands at 2.73% after having been as high as 2.83% and as low as 2.67%. 

 

The crude market is off at $$63.32 down .83 cents and gold is off as well at $1335.93 down $3.75.

 

Today we get the Trade Balance and JOLTS Job Openings.

 

Welcome to your new job Mr. Fed Chair Jerome Powell. 

 

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