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Senior Contributor

OptionEye Macro Outlook - Sept. 21st

Good morning.

 

Overnight chatter still Fed focused.

 

Grains see corn down 2, beans up 4 and wheat down 3.

 

The 10 year yield is at 2.15% after the Feds inaction last week. I believe it was justified.

 

The stock market has rallied a tad overnight as rumors of Japanese QE do the rounds. The S & P future is currently up over 4 points this morning having been negative overnight.

 

The oil market is higher as well. Crude is trading at $45.39 up .71 cents.

 

Gold is a little lower at $1136.63 down $2.40.

 

The dollar is stronger to 95.37 up .51.

 

Today we get Existing Home Sales. That is it. Expect more Fed debate as James Bullard has been on CNBC this morning stirring the pot.

 

 

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