OptionEye Macro Outlook November 29th
The turkey hangover beginnning to wear off...
Overnight we see corn down 2 to 3 cents, beans backing off 8 cents and wheat down 3. Pretty red across the board after a good showing yesterday and last week.
The stock market will open modestly higher today as the S&P future is up and the Dow future is up almost 5 points and the Dow future up 33 points.
The 10 year yield holding in above 2.30% at 2.32% and awaiting this so called 'save face' rate hike. The oil market is lower at $46.11 down .97 cents and gold lower as well to $1185.23 down $8.77.
The dollar is pretty much unchanged, but still strong at 101.34 up .01.
Today we get GDP, Personal Consumption, Core PCE, Case-Shiller Housing info and Consumer Confidence.