OptionEye Macro Outlook January 19th
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.