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Senior Contributor

OptionEye - Macro Outlook - July 17th

Good morning. 


Well, that was short lived. 


Corn down 1, beans up 2 and wheat is sharply unchanged. 


Blah. The weather continues to impress and the weekend in Chicago looks to be fantastic. Not that I am thinking about it already or anything....Export sales this morning as well. 


The 10 year slipping again this morning down to 2.51% but not really going anywhere. 


Stocks are lower, giving back yesterday's gains. Gold is higher by $3.34 to $1302.63. 


Oil is up as well to $102.69 which is $1.49 better for the day. 


We see housing starts and building permits today as well as more earnings. Housing starts not good and builing permits miss as well. 


Financials not off to a good start while the commodity sector is flatlining. 




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