OptionEye - Macro Outlook - June 22nd
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.