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Senior Contributor

OptionEye Macro Outlook July 25th

Good morning. 

 

Overnight sees corn suspiciously quiet after the last few days of fireworks and at the time of writing Dec corn is unchanged. Beans feeling the love and are up 10 cents while wheat is a penny lower. 

 

The greenback is also unchanged at 93.98 but still very cheap as of late. 

 

The stock market wants to open higher this morning with the S&P future up 2.50 points and the Dow future up 14. 

 

The crude oil market trying to stage a comeback and trades at $46.79 up .45 cents. Gold is languishing at $1252.19 down $3.22. 

 

The 10 year yield backing up to 2.27% as we wrestle with all the liquidity out in the market. 

 

Today we get the FHFA House Price Index, the Case/Shiller House Numbers, the Conference Board Consumer Confidence numbers and the Richmond Fed Manufacturing Index. 

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