OptionEye - Macro Outlook - Sept. 18th
Haggling of Haggis.
We will soon find out if Scotland is in or out of Great Britain. 307 years of history at stake.
Corn down a half cent, soybeans mixed and wheat down 1.
The news this morning is rather thin.
We get initial jobless claims and housing starts later in the morning. Whatever the outcome things will still be dominated by the news out of Scotland.
Gold is up $1.00 to $1224.60 and oil is down .12 cents to $94.30.
Stocks continue their climb and will open higher this morning.
The dollar is getting stronger again and stands at 84.53 which is up .19. This has been a big headwind all year, especially as of late.
The 10 year yield is 2.61% and has broken through that 2.60% level and looks to be getting stronger.