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Senior Contributor

OptionEye Macro Outlook - Oct. 12th

Good morning.

 

Happy Columbus Day.

 

The markets look to be quiet as we are the only ones here on the floor of the CBOT. Equities and Fixed Income pits are both closed.

 

Grains overnight see corn unchanged, beans up 5 and wheat down 1.

 

The stock market is electronically open with S&P futures down 1 point and the Dow future up 4 points.

 

Oil is slightly higher to $49.76 up .13 cents. OPEC stating this morning that they see damand building and prices stabilizing. Blah blah blah.

 

Gold is up again today to $1166.65 up $9.37 after rallying last week.

 

The 10 year yield finished last week at 2.08%.

 

The dollar is a little weaker in quiet trade to 94.76 down .04.

 

Nothing due out today.

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