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Senior Contributor

OptionEye Macro Outlook November 30th

Good morning. 

 

Overnight sees corn down a penny, beans down a penny as well and wheat mixed with March down 2 and Dec up 2. 

 

The dollar is stronger at 93.36 up .19. 

 

The stock market wants to open higher and continue yesterday's move with the S&P future up 8.50 points and the Dow future up 91. This could be the day we see the Dow break 24,000. Yawn. 

 

The crude oil  market trying to flirt with that $58 level and currently trades at $57.81 up .51. The gold market is a little lower at $1281.27 down 2.61.

 

The 10 year yield trades a little higher at 2.38%. 

 

Today we get Initial Jobless Claims, Continuing Claims, Personal Income and Spending, PCE, the Chicago Purchasing Manager's Index and the Bloomberg Consumer Comfort Index.

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