OptionEye Macro Outlook - Mar. 8th
Overnight corn down 1, beans down 4 to 5 and wheat is 3 lower. We just can't seem to hold on to our rallies...
The stock market will open lower with the S&P future lower by over 8 points and the Dow future lower by 58 points.
The 10 year yield backing off to 1.85% as this stock market pulls back. The European bourses are lower as well.
This morning oil is basically unchanged at $37.86 down .04 cents. The gold market is up again to $1273.14 up $5.78.
The dollar is also quiet at 97.14 up .07.
Today we get NFIB Small Business Optimism and a lot of rhetoric on what might happen in Europe with the ECB this week.
Other than that, the news is quiet.