Following futures positions of non-commercials are as of February 7, 2017. 10-year note: On January 26, 10-year yields began dropping after hitting 2.56 percent, lower than the 2.62 percent on December 15 – hence lower highs. In the meantime, they … Continued
Here is a brief review of period-over-period change in short interest in the January 17-31 period in the Nasdaq and NYSE Group as well as nine S&P 500 sectors. Nasdaq – short interest ↑ 0.9% p/p; Nasdaq composite ↑ 0.7% … Continued
The latest productivity report had observers buzzing more about unit labor costs than output per hour. In 4Q16, unit labor costs jumped at an annual rate of 1.68 percent, up from 0.18 percent in 3Q16. This comes in the wake … Continued
Financials are once again beginning to perk up, with XLF, the SPDR financial ETF, closing last Friday right underneath near-term resistance. The ETF has been sideways for nearly a month. This followed a massive breakout post-election last year. Resistance at … Continued
Following futures positions of non-commercials are as of January 31, 2017. 10-year note: During his presidential campaign, President Donald Trump openly criticized the Fed’s easy monetary policy. Indeed, since June 2006, there have only been two 25-basis-point increases in the … Continued
It is that time of the year again. Time to ponder the January effect. The adage that postulates that as goes January so goes the year. Last year, the January effect did not quite pan out. The S&P 500 large … Continued
Regardless whether or not it is solely related to the outcome of the November 8 U.S. presidential election, several data points have seen an uptick since. Stocks rallied, with the S&P 500 large cap index up nearly six percent between … Continued