OptionEye - Macro Outlook - Jan 27th
Where has the month gone?
Overight, corn up 1, beans up 2 and wheat steady easier making a new 11 week low.
Stocks trading lower this morning with the S & P future trading down over 11 points. Microsoft earnings disappoint, Dupont sales disappoint and Siemens diappoints in Europe. Where oh where is the growth going to come from?
Oil is lower but not by much and currently trading at $45.06 down .09 cents.
Gold is lower as well by $1.19 to $1280.19.
Talking heads all a twitter over the storm in New York that hasn't turned out to be what they thought it was going to be. Shocker.
The 10 year yield is at 1.81% as we begin the FOMC meeting today. We also get Durable Goods, CapGoods and all the Case/Shiller home info.
The dollar is a little weaker at 94.66 down .13.
Europe in trouble. Our earnings not that great. China slowing and Japan pumping. How are we going to raise rates?
Re: OptionEye - Macro Outlook - Jan 27th
Rates are rising.
The true unemployment rate has and is rising.
The rate my money is siphoned away by taxes is rising
My rate of health care costs just took a rise.
The number of bushels of grain it takes to pay any bill has risen
The cost of repair parts has and is still rising.
We need "free" money...nothing else is.