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Senior Contributor

OptionEye Macro Outlook October 26th

Good morning. 


Overnight grains see corn is quiet and steady better, beans continue 7 to 8 higher and wheat up 2. 


The stock market will be a little lower with the S&P future lower by almost 9 points and the Dow future down by 83 points. 


Oil one of the reasons stocks are lower. This morning crude is lower by .72 to $49.24. The gold market is a tad easier at $1270.90m down $2.83. 


The 10 year yield is at 1.77% and not giving any signs as to the next trend. I think it will stay here until the election is over. 


The dollar is still strong after flirting with 8 week highs and this morning trades at 98.53 down.18. 


Today we get MBA Mortgage Applcations, Wholesale Inventories, Markit US PMI's and New Home Sales. 

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