Russell 2000 Retreats After Coming Ever So Close To Nov ’21 Record; S&P 600 Operating Earnings Now On Track To Decline This Year
The Russell 2000 just made a three-year round trip but fell slightly short of posting a new high. The economy continues to perform well – a plus – but long rates have diverged... READ MORE
CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned
Following futures positions of non-commercials are as of November 12, 2024. 10-year note: Currently net short 815.8k, down 2.5k. On the back of stronger-than-expected data – from consumer and wholesale inflation to retail... READ MORE
After Last Week’s Massive Gains, Equity Indices Likely To Trudge Higher
Equities celebrated last week’s Republican sweep with huge gains. More gains are possible ahead, although not all the wheels are in sync. Leading into last Tuesday’s presidential and congressional elections, the S&P 500... READ MORE
CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned
Following futures positions of non-commercials are as of November 5, 2024. 10-year note: Currently net short 818.3k, down 82.9k. The fed funds rate was lowered by 25 basis points as expected. The benchmark... READ MORE
If Tech Bulls Do Not Stop Them In Time, Bears Have Chance Of Double-Top On Nasdaq 100
After seven consecutive up weeks, the Nasdaq 100 went negative last week. Bulls came so close but were denied a new high. This is occurring even as breadth is in divergence with the... READ MORE
CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned
Following futures positions of non-commercials are as of October 29, 2024. 10-year note: Currently net short 901.2k, up 53k. The FOMC meets next week on Tuesday-Wednesday. A 25-basis-point cut is priced in. Immediately... READ MORE
Tech Heavyweights Set To Report 3Q Earnings This Week; Results Will Have Repercussions For Nasdaq 100 And S&P 500 Primarily
Leading into this week’s 3Q reports from five tech heavyweights, the Nasdaq 100 has not made much progress the last couple of weeks. These results will have repercussions for other market cap-weighted indices,... READ MORE
CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned
Following futures positions of non-commercials are as of October 22, 2024. 10-year note: Currently net short 848.2k, down 16.9k. Non-commercials have reduced their net shorts in 10-year note futures by 25.9 percent from... READ MORE