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Senior Contributor

OptionEye Macro Outlook - Sept. 30th

Good morning.


Big rebound in stock futures overnight as the S&P future up over 24 points and the Dow future up 193 points.


Overnight grains quiet as we await the Quarterly Stocks numbers today at 11:00 CST. Meanwhile corn is up 1, beans up 2 and wheat up 2. The meltdown of Glencore still on the tips of everyone's tongues.


The 10 year yield is at 2.09% waiting to see the jobs numbers on Friday. The talking heads keep talking about the US growing at a good pace. I don't see it but hey, let's see what the numbers are on Friday.


Oil is a little lower to $45.11 down .12 cents. The Gold market still just laying there at $1119.68 down $7.77.


The dollar is stronger at 96.09 up .24.


Today we get the Quarterly Grain numbers as well as MBA Mortgage Applications, ADP Employment Change, ISM Milwaukee and the Chicago Purchasing Manager Index.

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