OptionEye - Macro Outlook - May 26th
I hope everyone had a great holiday weekend. Good to be back in the saddle again.
Overnight grains see corn down 1, beans mixed and wheat down 2. The dollar will be a force today as European Greek tensions send the dollar higher this morning by .86 to 96.87.
Stocks are a little lower following the Greek crisis as European indexes are mostly mixed. Our S & P future is down almost 4 points.
Oil is lower by .65 cents to $59.07 and gold is lower as well to $1190.45 down $12.35. Gold just can't seem to hold a bid.
The 10 year yield is at 2.18% and something to watch as this Greek crisis continues.
Durable goods came in this morning as expected at -.05%. No inflation there. We get some Case-Shiller home numbers this morning. Hopefully they improve.