OptionEye Macro Outlook May 23rd
The events last night in Manchester are certainly beginning to stretch the patience of even the most understanding people on the planet. Our hearts go out to those affected. It begins to put things into perspective.
In other news, overnight, corn is down 2, beans are down 5 and wheat down almost 3.
The dollar is continuing its slide as it trades to 96.82 down .16.
The stock market looks to open a bit higher with the S&P future up 3 points and the Dow future up 36 points.
The 10 year yield still stuck in the mud at 2.24%.
The oil market is lower at $50.65 down .48. Gold is basically unchanged at $1260.93 up .31 cents.
Today we get Markit US PMI's, New Home Sales and the Richmond Fed Manufacturing Index.