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ShelladyOptions
Senior Contributor

OptionEye Macro Outlook Mar. 16th

Good morning. 

 

Overnight kinda quiet as we await the Fed this afternoon. Corn down 1, beans down 3 to 4 and wheat down 2. 

 

Stocks also quiet. The S&P future pretty much unchanged and the Dow future up just 3 points. 

 

The oil market is bit higher this morning with crude up .69 cents to $37.03. Gold is flat and trades at $1232.74 up a paltry .40 cents. 

 

The 10 year yield hanging around that 1.95% level this morning waiting for Janet Yellen may have to say after the Fed meeting. 

 

The dollar is a little higher at 96.84 up .20 cents. 

 

Again, we get the Fed today and that is front and center. We also get MBA Mortgage Applications, Housing Starts, Building Permits, CPI, Industrial Production and Capacity Utilization. 

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