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Senior Contributor

OptionEye Macro Outlook - Sept. 11th

Good morning.

 

A somber day for me and the country. I lost 2 friends and 3 co-workers in the twin towers 14 years ago today. Never forget.

 

Overnight we have been quiet waiting for the release at 11:00 CST today. Corn slightly higher, beans up 3 and wheat unchanged.

 

The 10 year yield coming in a tad as stocks retreat. The 10 year is at 2.18 this morning but still quiet waiting for the Fed next week. Stocks are lower this morning with the S & P future off over 9 points and the Dow future off 75 points.

 

Goldman calling for $20 oil this morning and crude is off $1.32 to $44.60.

 

Gold is lower by $3.70 to $1107.05.

 

The dollar is relatively unchanged at 95.55 down by .09.

 

Today we get the USDA, PPI and the University of Michigan Sentiment Survey.

 

Have a great weekend.

 

 

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Honored Advisor

Re: OptionEye Macro Outlook - Sept. 11th

Absolutely Scott, we can not forget what tragic event happened on this day, 14 years ago.

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