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Senior Contributor

OptionEye Macro Outlook - Jan. 11th

Good morning


We are looking pretty good as the Chinese market hit four year lows. Our stock futures are up slightly here after having been a lot lower over night. The S&P future is up over 9 points and the Dow future up over 60.


Oil is again lower at $32.61 down .55 cents. Godl is slightly lower at $1103.48 down .57 cents.


Our stocks are off to their worst start ever. That is kind of ominous.


As for the grains, corn is down 3, beans are down almost 3 cents and wheat is down just over 2 cents.


The dollar is down slightly this morning at 98.50 down just .03.


The 10 year yield is at 2.14% showing the nervousness that surrounds us right now.


No real economic news after Friday's decent jobs numbers disappointed the market.


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