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Senior Contributor

OptionEye - Macro Outlook - June 22nd

Good morning. 

 

Overnight headlines still dominated by Greece. ( Yawn ) 

 

Our nite markets have corn down 1, beans up 1 and wheat up 2. 

 

Stock futures are loving the rhetoric out of Europe and Greece on a possible deal. It is frustrating to have to trade a 'binary' event every weekend on whether or not Greece will be extended credit to stay in the EU. Reports are that things have thawed and look good for a possible deal that has sent stocks higher and bonds lower. 

 

The S & P future is currently up almost 18 points. The 10 year yield is up to 2.32%. 

 

Oil is higher by .45 cents to $60.06 clinging to that $60 level as gold clings to the $1200 and sits at $1194.24 down $6.03.

 

The dollar is slightly higher to 94.13 up .04. 

 

Today we get Chicago Fed Nat Activity Index and Exising Home Sales. 

 

 

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