OptionEye - Macro Outlook - July 22nd
Ugly earnings from the tech sector after hours yesterday will be the talk of the day. Right now the S & P future is pointing to a lower opening by more than 8 points. Could this be an economical crack? As you know, I have said that I don't think that things are that great out there.
Overnight grains were not pretty. The weather here in Chicago looks to be great. Corn is down 6, beans dow 7 and wheat down 6.
The forecast is the best it has been in a while.
Oil slipping as well and is currently off .57 cents to $50.29. Gold below $1100 to $1093.70 down $7.55. No inflation here.
The 10 year yield is lower to 2.32%. Will they raise rates in Sept.? I don't think so....
The dollar is a tad stronger to 97.40 up .07.
We get MBA Mortgage Apps. and Existing Home Sales. Good luck.