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Senior Contributor

OptionEye Macro Outlook January 26th

Good morning. 


Yep. It finally happened. It took us 5 weeks to get through the last 100 points but at yesterday's open we finally did it. Dow 20,000. Now we can move on to the important stuff like the actions our president has been taking at a dizzying pace. 


Overnight sees corn giving back some of yesterday's gains down 2 cents, beans down 3 and wheat down 1 to 2. 


The stock market will open a bit higher with the S&P future up 1 and the Dow future up 32. 


The 10 year yield climbing above that psychological level of 2.54%. 


The oil market up small at $52.90 up .15 cents. The gold market is lower at $1190.09 down $10.69. 


Today we get Wholesale Inventories, Chicago Fed Nat Activity Index, Initial Jobless Claims, Continuing Claims, Markit US PMI's, the Bloomberg Consumer Comfort Index, New Home Sales and the Leading Index. 


Lots to get through today. 

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