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Senior Contributor

OptionEye Macro Outlook - Sept. 18th

Good morning.

 

Buckle up for a wild ride. The stock market isn't sure what to do with the 'no call' from the Fed yesterday and ended up lower on the day. This morning London and now New York are seeing selling pressure again as our S & P future is currently down over 17 points.

 

The 10 year yield has come in to 2.15% from 2.29% yesterday.

 

Overnight corn is up 1, beans down 1 and wheat up 2. All quiet on the Western Front as the ags watch fixed income and equities.

 

Oil is lower by .88 cents to $46.02. Gold is up $2.60 to $1134.16.

 

The dollar has weakend after yesterday to 94.28 down .34.

 

Today we get teh Leading Index and its pretty quiet after that. Stocks will be in the headlines all day.

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