01-02-2015 06:21 AM
OptionEye - Macro Outlook - Jan. 2nd
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.