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Senior Contributor

OptionEye Macro Outlook July 15th

Good morning. 

 

It has been one heck of a ride. The volatility has been crazy across the board. Brexit, weather and the dollar etc. We have had a $1.50 bean rally followed by a $1.00 break followed by a $1.00 rally. Wow. 

 

Overnight sees corn sell off 4 cents, beans off 9 cents and wheat off just over a penny. Again, we face a very important weather weekend. 

 

The 10 year yield trading very comfortably above 1.50% at 1.54%. The oil market still having trouble rallying and sits at $45.48 down .20 cents. 

 

Gold is trading lower at $1332.58 down $2.58. 

 

The talking heads love to spout about the equity market. All time highs everyday. Let me pose this question for the weekend. How is the stock market at an all time high while most of America is growing at an anemic rate and our GDP is a sickening 1.50%? Is anyone's personal financial situation at an all time high? 

 

Something smells here. 

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6 Replies
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Honored Advisor

Re: OptionEye Macro Outlook July 15th

Scott: 

In regards  to your last question.   YES 

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Advisor

Re: OptionEye Macro Outlook July 15th

We need Pres. Brownback to fix that.

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Veteran Contributor

Re: OptionEye Macro Outlook July 15th

This is hard to say as i was one of his students but that is exactly the last thing we need.

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Senior Advisor

Re: OptionEye Macro Outlook July 15th

The federal reserve creates money with the stroke of a key board, loans it to the government for 3% interest and then invest their earnings in the equity markets. Pretty simple and a good gig if you can get it. All they need is for the government to continue with unbridled spending QE infinity.

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Advisor

Re: OptionEye Macro Outlook July 15th

Trump will shake the fed up. But, if he adjusts the powerful too much he won't be on this planet too long.
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Honored Advisor

Re: OptionEye Macro Outlook July 15th

Maybe the problem in the markets is a lack of communication and not negotiating with the Elves?

++++++++++++

 

 

NEWS

Elves Approve Drilling Project

Helga Stefánsdóttir.

From Skagafjörður. Photo: Helga Stefánsdóttir.

 

As recently as last weekend, drilling for cold water on the farm Ríp in Hegranes, Skagafjörður, had not gone well for contractors, according to Feykir. Hegranes is known for being home to one of the largest populations of elves in the country. Therefore, there were suggestions that problems with the drilling project might be explained by the contractors’ failure to obtain permission for the project

from the elves.

 

The company in charge of drilling, VCK ehf., had experienced countless problems for two weeks, with their equipment repeatedly malfunctioning. Once the reason for this string of failures was finally detected, negotiations with the elves were initiated.

 

Birgir Þórðarson, farmer on Ríp revealed that the negotiations were successful, and that the project site had been moved farther away from the cliff where the drilling was planned. Thereby, drilling would be done outside the area believed to contain an old graveyard, although no one knows exactly where it used to be.

 

 

Not surprisingly, since the agreement was reached, workers are finally making progress. They have been able to drill to a depth of 90 m (295 ft) and have discovered adequate water, but just in case, they plan to drill another 10 m (33 ft).

 

Among the residents of Hegranes, there is a strong belief in the existence of elves. According to RÚV, the Icelandic Road Administration had to cancel plans in 1978 to use explosives to eliminate a hill in the road through Tröllaskarð after negotiations with elves broke down.

 

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