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OptionEye Morning Market Macro Outlook - April 22nd
Good morning.
5 up days in row for equities. First time that has happened all year. Sure as heck doesn't fell like it.
Corn up 4, wheat up 4 and soybeans up 7.
This is getting good. Now the turnaround in wheat this morning being blamed on Ukrain/Russia flare ups. You gotta be kidding me.
Stocks up slightly. The 10 year well over the 2.70% level to 2.72%. Gold virtually unchanged at $1289.95 up .15 cents. Oil off .46 cents to $103.91.
The dollar is a tad weaker to 79.83 down .11.
Yesterday was very quiet at Europe was still on holiday. Oh for the days of a 4 day weekend. Anyway, let's see if we can't get things going today.
On the economic front we still get a lot of earnings with McDonalds, Harley-Davidson and Comcast. We also get a peak at existing home sales.
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Re: OptionEye Morning Market Macro Outlook - April 22nd
I was just reading an article indicating the US middle class is falling behind the Canadian and other European middle classes as its share of the economy continues to deteriorate.
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Re: OptionEye Morning Market Macro Outlook - April 22nd
Surprise, surprise............as Gomer Pyle would say............here comes the teenager-----NOT!