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Senior Contributor

OptionEye Macro Outlook - Jan. 4th

Good morning.


Oil and China on the tape today. Going to be dominated by those stories this week.


And oh, by the way, welcome back.


Overnight grains see corn down 1, beans down 5 and wheat down 2.


Asian stocks getting hit this morning. Our S&P futures are down over 36 points and the Dow future down over 300 points. Going to be an interesting first day of the new year.


The 10 year is at 2.21%.


The oil market is hanging in at $37.35 up .31 cents. The gold market is up on the turmoil at $1072.31 up $10.90.


The dollar is off by .48 to 98.19.


Today we get Markit US Manufacturing PMI, Construction Spending, ISM Manufacturing and ISM Prices Paid.


Welcome back and buckle in....



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BA Deere
Honored Advisor

Re: OptionEye Macro Outlook - Jan. 4th

Chinese stock market down 7% and it tripped the circuit breaker.  The Dow down 286 overnight. Dr Copper is the lowest since about 2009.

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