Financials: June Bonds are currently 13 higher at 138'23. Weekly Jobless Claims were down 5K and continuing claims dow 41K. 4th Quarter GDP was slightly below expectations at 3%. We are taking a short bias to the Bonds at current levels. Consider selling the the June Bond 140'00/142'00 (buying the 142 call/selling the 140 call) at 42 points premium the 140'00 call or better. Grains: Over night May Corn traded 5'4 lower at 614'6, May Beans 2'2 lower at 1367'4 and MaY Wheat 9'0 lower at 630'6. Yesterday we took profits on the short July Corn 600'0/700'0 strangle in the 38'0 area putting us on the side lines going into tomorrow morning's Reports. Cattle: Live and Feeder Cattle are currently slightly higher. I am currently on the sidelines. Silver: May Silver is currently 10 cents higher at 31.94 and June Gold unchanged at 1660.00. I am on the sidelines awaiting lower prices. S&P's: June S&P's are currently 8.00 lower at 1392.25. I continue to hold a short bias to this market. That being said, the market should find short term support in the 1383.00 area. We remain short in the money call spreads. Currencies: As of this writing the June Euro is trading 50 lower at 1.3278, the Swiss 38 lower at 1.1025, the Yen 104 higher at 1.2193 and the Pound unchanged at 1.5885. I am currently on the sidelines. Regards, Marc 888.908.4310 | 312.264.4310 mnemenoff@pricegroup.com