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Senior Contributor

OptionEye - Macro Outlook - Oct 9th

Good morning. 

 

We are back to 'bad is good' again. Blah blah blag. The FED has gone back to a dovish stance on weakness overseas and lack of any inflation here in the states. Equities loved it and shot like a rocket higher yesterday afternoon. Today they are a little lower with the S & P down 6 points. The moves we are seeing are unprecedented. 

 

The 10 year yield is continuing lower with the latest release of Fed minutes and sits now at 2.28. Maybe, just maybe it goes below 2.00% and that would not be a good thing. 

 

Ags are quiet. Corn down 1, beans are up 4 and wheat is down 7. 

 

With the report tomorrow I think we will only see positioning the next few days and things will get a little quieter. 

 

Oil is lower again to $87.17 down .14 cents. No inflation there. Gold is up $10.10 to $1231.22. 

 

The dollar is slightly weaker to 85.00 down .29. 

 

Today we get initial jobless claims and continuing claims. It still will be all about the FED and Ebola. 

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Honored Advisor

Re: OptionEye - Macro Outlook - Oct 9th

Sounds like the mission of the fed is keeping rates between 2% and 2.5% like Goldilocks` porridge. if rates were 'normal" I`d hate to see what would happen to this $17 Trillion national debt not to even mention the personal debt out there. 

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