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ShelladyOptions
Senior Contributor

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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2 Replies
Palouser
Senior Advisor

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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c-x-1
Veteran Advisor

Re: OptionEye Morning Market Macro Outlook - April 22nd

Surprise, surprise............as Gomer Pyle would say............here comes the teenager-----NOT!

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