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Senior Contributor

OptionEye Macro Outlook - Nov. 24th

Good morning.


Overnight grains see corn down 2, beans down 1 and wheat down 3. Ugh.


Today we get the all important GDP numbers. Let's see what all theyse newly employed people are actually making. Stocks are lower this morning with the S&P future down almost 10 points.


The 10 year yield backing off to 2.22%. Global unrest, fear and safe haven have boosted the bonds as of late.


Oil is higher by .61 cents to $42.36 and gold is up $5.34 to $1074.54.


The dollar is just a little lower this morning at 99.62 down .17.


Besides GDP we get Personal Consumption, Core PCE, S&P/Case Shiller Home numbers, Consumer Confidence Index and the Richmond Fed Manufacturing Index.



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