OptionEye Macro Outlook October 25th
Go Cubs Go!
Well, beans got off to a good start to the week but today we are going to give a little back. Overnight beans are down 3, corn and wheat both up 1. $10.00 and $3.50 acting a little like a magnet.
The 10 year yield sits at 1.78% still hovering around that 1.75% level.
The stock market is going to open steady to a little better with the S&P up over 1 points and the Dow future up 30.00.
The crude oil market a little higher at $50.75 up .23 cents. Gold on the up as well to $1269.52 up $5.01.
The dollar rallying to an 8 week high yesterday and stands at 98.72 down .03.
Today we get the FHFA House Price Index, S&P Case/Shiller Home numbers, Consumer Confidence and the Richmond Fed Manufacturing Index.