Last Friday sent shivers down U.S. equity bulls’ spine. Sort of. The rout in tech stocks in particular was unsettling. After rising to a new all-time high of 5897.69, the Nasdaq 100 index lost 2.4 percent Friday. Intraday, it was … Continued
The House pushed through a bill last Thursday aiming at getting rid of many of the Dodd-Frank reforms implemented post-Great Recession. The bill probably does not pass the Senate, but the very idea of less/lax regulations lit a fire under … Continued
Here is a brief review of period-over-period change in short interest in the May 16-31 period in the Nasdaq and NYSE Group as well as nine S&P 500 sectors. Nasdaq The uptrend in short interest since the mid-January low this … Continued
Following futures positions of non-commercials are as of June 6, 2017. 10-year note: Currently net long 212.1k, down 46.1k. The Fed is all set to hike next week. Futures are pricing in 99.6-percent odds of a 25-basis-point increase. This will … Continued
After President Donald Trump won the election last November, U.S. bonds and stocks had a massive positive reaction. The former sold off, the latter rallied. On November 8 (election day), TLT, the iShares 20+ year Treasury bond ETF, closed at … Continued
Third time is a charm for small-caps? Having tried – and failed – twice to break out of a months-long range, the Russell 2000 small cap index went for a third one last week. Odds favor it meets with the … Continued
ETF.com carried a story on June 1 stating that U.S.-listed ETFs took in $32.7 billion in inflows in May. Year-to-May, a total of $203.8 billion came in. International equity ETFs made it big, as seven of the top 10 belonged … Continued
Following futures positions of non-commercials are as of May 30, 2017. 10-year note: Currently net long 258.2k, down 104.3k. “If the tension between the progress on employment and the lack of progress on inflation persists, it may lead me to … Continued
ITB, the iShares U.S. home construction ETF, has posted seven straight positive months. The rally began last November – post-election. Momentum is not broken, but is not in acceleration either. May was essentially unchanged – up 0.25 percent – with … Continued
The euro looks tired. A pause in a prevailing uptrend or a decent peak? Non-commercial futures traders can potentially decide. Non-commercials have never been as bullish in euro futures since October 2013. As of Tuesday last week, they held nearly … Continued