Volatility is creating a lot of buzz these days. There is none of it – both implied and actual. Bulls are hurting. Year-to-date, UVXY (ProShares ultra VIX short-term futures ETF) is down 71.6 percent, and VXX (iPath S&P 500 VIX … Continued
Here is a brief review of period-over-period change in short interest in the April 17-28 period in the Nasdaq and NYSE Group as well as nine S&P 500 sectors. Nasdaq The composite (6120.59) is up 1.2 percent May-to-date, and is … Continued
If we just focus on tech stocks for a moment, one gets the impression that it is a very strong market. Right after the November election last year, tech stocks in general lagged. But they came into life as soon … Continued
Following futures positions of non-commercials are as of May 2, 2017. 10-year note: Currently net long 179.9k, down 34.8k. Pre-FOMC decision this week, futures were pricing in 63 percent odds of a 25-basis point hike in June and 60 percent … Continued
President Trump’s tax plans could potentially impact U.S. corporate bond issuance once – and if – they become law. Annualizing the first four months, U.S. corporations are on pace to increasing bond issuance in double digits this year over 2016. … Continued
As of last Friday, per S&P Dow Jones Indices estimates, 1Q17 sales of S&P 500 companies were $293.82/share. This amounts to a decline of 2.4 percent quarter-over-quarter, but year-over-year sales were up 7.2 percent. This was the fastest quarterly growth … Continued
Except for the Nasdaq composite, major U.S. indices – the S&P 500 large cap index, Russell 2000 small cap index, Dow Industrials, and the NYSE composite – all had a down March. This did not stop NYSE margin debt from … Continued
Following futures positions of non-commercials are as of April 25, 2017. 10-year note: Currently net long 214.6k, up 255.9k. Ten-year Treasury yields did indeed test support-turned-resistance at 2.31 percent this week. In fact, they rose all the way to 2.35 … Continued
Breakouts galore! The three U.S. equity indices discussed here all broke out this week in one form or another. The Russell 2000 small cap index and the Nasdaq composite rallied to fresh new highs, even as the S&P 500 large … Continued
Here is a brief review of period-over-period change in short interest in the March 31-April 13 period in the Nasdaq and NYSE Group as well as nine S&P 500 sectors. Nasdaq – p/p, short interest ↑ 1.1%, Nasdaq composite ↓ … Continued