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ShelladyOptions
Senior Contributor

OptionEye Macro Outlook - Mar. 8th

Good morning.

 

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.

 

 

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