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Senior Contributor

OptionEye - Macro Outlook - Jan. 2nd

Good morning. 


If today's session is anything like the traffic on the way in, expect a slow one. 


Overnight grains were closed for the holiday. 


Stocks up on ECB/Draghi speak of Eurozone QE. S & P futures are up 7 points. 


The 10 year yield rising this morning to 2.19%. Interesting to note that economists last year saw the 10 year yield finishing the year at 3.52%. Oops.


Gold is up .60 cents to $1182.58. The dollar is stronger again at 90.77 up .50.


Oil will be the story again today as it trades lower after being higher all night. Currently oil sits at $52.96 down .31 cents. 


We get Markit PMI , Construction Spending and ISM. 



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