Amidst Corporate Buybacks And Margin Debt Dynamics, Equities Likely Headed Lower Toward This Month’s Must-Save Lows
Through 4Q24, buybacks continued to act as a tailwind, while margin debt fell in February from January’s fresh record. The latter in particular is at risk of continued downward pressure. At the end... READ MORE
CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned
Following futures positions of non-commercials are as of March 25, 2025. 10-year note: Currently net short 810.1k, down 71.3k. Non-commercials reduced net shorts in 10-year note futures sequentially, but holdings remain elevated. In... READ MORE
After Low-Double-Digit Declines From Feb Highs, Large-Cap Indices In Process Of Bottoming, At Least Near Term
After dropping by low double digits from their February all-time highs, the major large-cap equity indices are showing signs of a bottom – duration and magnitude notwithstanding. Between February 19th when the S&P... READ MORE
CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned
Following futures positions of non-commercials are as of March 18, 2025. 10-year note: Currently net short 881.4k, up 144.3k. As expected, the FOMC left the fed funds rate steady at a range of... READ MORE
Under Pressure For Several Weeks, Equities Could Be Signaling A Relief Is Imminent
Equities have been under pressure the last several weeks. Investor sentiment has taken a beating. Amidst this came signs last Friday that a relief could be in the making. With the major equity... READ MORE
CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned
Following futures positions of non-commercials are as of March 11, 2025. 10-year note: Currently net short 737.1k, up 25k. In the futures market, traders are once again betting that there would be at... READ MORE
Friday’s Reversal Should Bode Well For Equity Bulls/Volatility Bears N/T, Even As Large-Cap Indices Are Now Down 3 Weeks In A Row
The major US equity indices have now dropped for three weeks. Amidst this, last Friday’s action should bode well for the bulls – at least in the near term. The ratio of VIX... READ MORE
CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned
Following futures positions of non-commercials are as of March 4, 2025. 10-year note: Currently net short 712k, up 12.2k. Horizontal support at 4.2s-4.3s goes back years. Last week, the 10-year treasury yield closed... READ MORE