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Senior Contributor

OptionEye - Macro Outlook - Nov. 20th

Good morning. 

 

Stocks up again.....surprise surprise. 

 

Corn is down, beans are unchanged and wheat is down 4. Good day in the grains yesterday as corn tightness causes a broad grain rally. 

 

China cuts interest rates for the first time since July 2012. 

 

Stocks love it. Oil loves it. Crude trading at $77.35 up $1.50. Decent move there. Gold is up $2.30 to $1196.16.

 

The 10 year yield sits at 2.34% and hasn't really done much over the last few weeks after the big puke the week of Oct. 13th. 

 

The dollar is also moving on the China cut and is stronger by .51 to 88.10. 

 

No real economic news today except for the Kansas City Fed Manufacturing Activity. 

 

 

 

 

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Senior Contributor

Re: OptionEye - Macro Outlook - Nov. 20th

You lost a day. Must be the cold up there slowing things down.
Think the dollar will break 90?
A few years ago with this dollar grains wouldn't have held in this good.
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