OptionEye - The Cow Guy - Morning Macro Outlook 4/8
Corn down 2, wheat down 2 and soybeans down 2.
Volatility getting a bit tricky as we approach the report tomorrow.
I am not expecting much but that has been the kiss of death lately.
Stocks got hit hard yesterday and look to continue the downward spiral again today as we await earnings for any type of rescue. I don't think it is gojng to happen.
Oil up by .97 cents to $101.41. Gold is up by $14.66 to $1312.01, just above that $1300 level on nerves from yesterday's equity sell off. I am not getting sucked in. I think we are in a deflationary time and gold is not a place to be. Inflation in Europe still slipping lower.
The 10 year is at 2.71% after a big move yesterday. I think it is telling us we have some more things to worry about.