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ShelladyOptions
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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