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Senior Contributor

OptionEye Macro Outlook January 19th

Good morning. 

 

Well, it's Perdue. It will be interesting to see him balance China and imports/exports with the Trump rhetoric during the campaign. Could be his biggest job. 

 

Overnight corn is steady to a bit better, beans are steady to a bit easier and and wheat is 1 to 2 lower. 

 

The dollar is a little stronger this morning at 101.09 which is up .16. 

 

Stocks look to open a bit lower with the S&P future lower by 2 points and the Dow future lower by 18 points. 

 

The 10 year yield is rising and bonds are selling off. Currently it trades at 2.43%. 

 

The oil market is up at $51.65 up .56 cents and gold is steady easier at $1203.86 down .29 cents. 

 

Today we get the ECB, Housing Starts, Building Permits, InitialJobless Claims, Continuing Claims ,the Philadelphia Fed Business Outlook and the Bloomberg Consumer Comfort Index. 

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