01-11-2016 06:09 AM
OptionEye Macro Outlook - Jan. 11th
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.