Robust S&P 500 Buybacks Could Be Staring Into Interesting Dynamics Next Year
The S&P 500 continues to break out to new – and newer – highs. Buybacks have provided a sustained tailwind, although interesting dynamics are in play for next year. Yet another week, yet... READ MORE
CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned
Following futures positions of non-commercials are as of October 8, 2024. 10-year note: Currently net short 960.1k, down 183.8k. The 10-year treasury yield continued to rally – now up four weeks in a... READ MORE
Potentially Breakout Opportunity For S&P 500 Bulls, But Not So For Tech And Small-Cap Bulls
Equity bulls ended the S&P 500 last week just under a potentially breakout point. But not all the wheels are in motion. On the Nasdaq 100, which remains under its July high, sellers... READ MORE
CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned
Following futures positions of non-commercials are as of October 1, 2024. 10-year note: Currently net short 1,143.9k, up 118.6k. Yet another record high in non-commercials’ net shorts in 10-year note futures! These traders... READ MORE
Sluggish S&P 500 Post-FOMC Breakout; CBOE P2C Ratio Points To Decent Build-Up Of Optimism
The S&P 500 is unable to decisively build on post-FOMC breakout. Amidst this, plenty of optimism is already built into options, and VIX acts like it wants higher prints. On the 19th, the... READ MORE
CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned
Following futures positions of non-commercials are as of September 24, 2024. 10-year note: Currently net short 1,025.3k, down 68.7k. In August, headline and core PCE, which is the Federal Reserve’s favorite inflation metric,... READ MORE
S&P Rallies To New High A Day After FOMC Decision; Last 3 Daily Candles Raise More Questions Than Answers
Equities failed to rally last Wednesday, when the FOMC handed out a jumbo 50-basis-point cut. Stocks had a very nice session on Thursday. With that said, the last three daily candles on the... READ MORE
CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned
Following futures positions of non-commercials are as of September 17, 2024. 10-year note: Currently net short 1,094k, up 71.9k. The fed funds rate was cut by 50 basis points to a range of... READ MORE