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ShelladyOptions
Senior Contributor

OptionEye - Macro Outlook - Sept. 4th

Good morning. 

 

Corn is unchanged. Beans are down 3 and wheat is down 2. 

 

I guess some weak longs got surprised by great crop conditions. I can't believe what rock they crawled out from under but apparently they were caught off gaurd. Oh well. 

 

The ECB cut interest rates this morning which is pretty big news. The European Union is stalling and efforts to revive that economic block will get the headlines today. 

 

Later we get ADP jobs data before tomorrow's non farm payroll report. 

 

This morning's news finds stocks higher with the S&P up 6.00 as we write. 

 

The 10 year yield is at 2.41% and winging around between 2.30% and 2.50% as we await more economic news. 

 

Oil is down .24 cents to $95.30 and gold is up $2.29 to $1271.73. 

 

The dollar is slightly stronger (again) at 82.96 up .09. 

 

 

 

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roarintiger1
Honored Advisor

Re: OptionEye - Macro Outlook - Sept. 4th

Gee, That is one pesky rock.   I thought that the weak shorts rolled that rock out of the way already......they've had several years now to do that.

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