Following futures positions of non-commercials are as of February 25, 2025. 10-year note: Currently net short 699.9k, down 9.7k. Non-commercials’ net shorts in 10-year note futures are down nearly 39 percent from the record 1.1 million contracts in the week … Continued
Last Friday’s sudden selloff in equities speaks of heightened investor nerves. Amidst this, NVDA, the poster child of the AI revolution and the associated tech rally, reports this Wednesday; ahead of this, there are subtle signs of distribution. An adverse … Continued
Following futures positions of non-commercials are as of February 18, 2025. 10-year note: Currently net short 709.5k, down 41.5k. FOMC minutes for the January 28-29 meeting contained some interesting tidbits, including members’ citation of the possible effects of potential changes … Continued
Large- and small-caps are diverging, with the former looking to break out to a fresh high and the latter stuck in a range well off its high. Large-cap bulls are eying a breakout on the S&P 500. Last week, the … Continued
Following futures positions of non-commercials are as of February 11, 2025. 10-year note: Currently net short 751k, up 43.3k. FOMC minutes for the January 28-29 meeting will be out Wednesday. The policy-setting body left the fed funds rate unchanged at … Continued
Equity bulls are struggling at resistance. Last Friday’s news of consumers’ heightened inflation expectations for the next year was used as an opportunity to lighten up at/near resistance. This is taking place at a time when bullish optimism remains high … Continued
Following futures positions of non-commercials are as of February 4, 2025. 10-year note: Currently net short 707.7k, up 7.1k. Friday, the University of Michigan consumer survey was published for February, and it was revealed that the respondents meaningfully raised their … Continued
Equity bulls bought weakness owing to DeepSeek and tariff jitters. Near term, the major indices act like they want higher prints. Mid- to long-term, the outlook gets muddied thanks to uncertainty owing to the new administration’s trade policy in particular. … Continued
Following futures positions of non-commercials are as of January 28, 2025. 10-year note: Currently net short 700.6k, up 120.4k. As expected, the FOMC this week left the fed funds rate unchanged at a range of 425 basis points to 450 … Continued
Following futures positions of non-commercials are as of January 21, 2025. 10-year note: Currently net short 580.2k, up 12.3k. The FOMC meets next week. The 28-29 meeting is the first this year. It is certain the fed funds rate will … Continued