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ShelladyOptions
Senior Contributor

OptionEye Macro Outlook May 4th

Good morning. 

 

Overnight sees corn down 1 to 2, beans down 14 and wheat down 7. 

 

The dollar is steady and still strong at 92.53 up .11. 

 

The stock market looks to open lower with the S&P future down 9 points and the Dow future down 48. 

 

The 10 year yield stands at 2.93% and fading.

 

The crude oil market is steady at $68.62 up .19 cents. Gold still languishing at $1311.81 down .29 cents. 

 

Today we get the Change in Non-farm Payrolls, Two-Month Payroll Net Revision, the Change in Private Payrolls, the Change in Manufacturing Payrolls, the Unemployment Rate, the Underemployment Rate, Average Hourly Earnings, Average Weekly Hours All Employees and the Labor Force Participation Rate. 

 

Lots to get through. 

 

Have a great weekend. 

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