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Senior Contributor

OptionEye - Macro Outlook - Sept. 1st

Good morning. 

 

Happy September and it looks to be starting off with a bang. 

 

Dow futures down 332 points. The S & P future is down almost 42 points. Europes Stocks off basically just over 2.00% across the board. Here we go again. 

 

Overnight grains kept their cool. Corn down 2, beans down 4 and wheat up 2. 

 

Oil is lower by .85 cents to $48.35 and gold is higher on global news at $1142.32 up $7.52. 

 

The 10 year yield is stuck at 2.16% waiting jobs and the Fed. 

 

This Friday's jobs numbers will be a big influence. 

 

Today we get Markit US Manufacturing PMI, Construction Spending and ISM Manufacturing. Lots to chew on while the stocks and oil continue the wild ride.  

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