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Senior Contributor

OptionEye Macro Outlook October 27th

Good morning. 

 

Overnight sees the grains a little higher with corn up 2 to 3, beans up over 6 and wheat up 4. 

 

The 10 year bleeding out to 1.82% as bonds around the world trade higher in yield. 

 

Stocks will be a bit higher this morning with the S&P future up over 5 points and the Dow future up 30. 

 

The oil market trading a little higher at 49.38 up .20 cents and the gold market higher as well at $1269.11 up $2.11. 

 

The dollar is a tad weaker at 98.52 down .10. 

 

Today we get Durable Goods, Initial Jobless Claims, Continuing Claims, the Bloomberg Consumer Comfort Index and Pending Home Sales.

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