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Senior Contributor

OptionEye Macro Outlook - Nov. 25th

Good morning.


Thanksgiving Eve. Looks to be a quiet one.


Overnight grains see corn up 2, beans up 1 and wheat up 1.


The 10 year yield basically where it was yesterday at 2.22% and still looking for direction. Stocks look to open a bit better with the S&P future up more than 4 points this morning.


The oil market has been all over the place as of late with funds very short. Yesterday saw a good squeeze on geopolitical events and this morning oil is giving back some of yesterday's gains down .74 cents to $42.13. Gold is quiet and a little lower as well down $2.40 to $1073.15.


The dollar is stronger again and sits at 99.94 up .41.


Today we get MBA Morgage Applications, Personal Income and Spending, PCE Deflator, Durable Goods Orders, Initial Jobless and Continuing Claims.


Have a great holiday.

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