OptionEye Macro Outlook Sept. 6th
Welcome back. The school season has officially begun. The football season has officially begun. The congressional session has officially begun. Now, hopefully the trading season can begin.
Overnight sees grains a little weaker giving back some of last week's gains. Corn is lower by 2 cents, beans are lower by 2 to 3 cents and wheat down 3 to 4 cents.
The dollar is slightly weaker at 95.62 down .22.
The stock market wants to open a bit higher this morning with the S&P future up almost 2 points and the Dow future up 13 points. Quiet but higher.
The 10 year yield is up a tad at 1.59% this morning.
Crude is up by .50 cents to $44.94 and gold at $1332.10 up $4.65.
Today we get ISM Non-Manfucaturing Composite.
Good to be back in the saddle.