The following are futures positions of non-commercials as of January 27 (Tuesday). Change is week-over-week. 10-year note: Can we say squeeze? Since the end of December, net shorts have dropped 59 percent, even as the 10-year yield has collapsed 50 … Continued
Disinflationary/deflationary pressures intensifying globally Fed favorite core PCE inflation persistently under two percent despite three QE’s Bonds do not see inflation as far as eye can see, signal slowdown in activity; stocks continue merry way Monday morning, investors will learn … Continued
Short interest rises on both NYSE and Nasdaq, likely to rise more near-term Short squeeze big factor behind rally post-Oct 15th trough; bulls unable to force another Short interest on IWM drops 46% in five months, even as ETF manages … Continued
Setback in orders for business-capex proxy; down four consecutive months Inventory-to-order ratios, nowhere near previous peaks, trending higher Zero-bound suppressed rates probably impacting incentive to borrow The much-anticipated capex boom in the U.S. will just have to wait a while … Continued
As FOMC meets, markets will be looking for clues on rate-hike timing Consensus, which had been betting on mid-year hike, vacillating of late Lower-than-expected inflation, strong dollar excuses for Fed not to move The Federal Open Market Committee begins its … Continued
As oil price buckles, increase in talk of need to focus on S&P 500 earnings ex-energy Collapse in energy earnings important factor, but SPX ests were too rosy to begin with Sell-side struggles to wrap arms around energy repercussions; hard … Continued
The following are futures positions of non-commercials as of January 20 (Tuesday). Change is week-over-week. Dollar index, gold and euro jump out the most. 10-year note: It seems non-commercials’ patience is wearing thin. On top of that, this has not … Continued
Draghi finally delivers, igniting a global rally in stocks Here in U.S., sustainability in doubt unless stocks attract some of that money U.S. households not likely to be source of funds as money market funds lower than pre-crisis As expected, … Continued
Bloomberg poll: international investors most bullish on U.S. markets in more than five years Giddy sentiment in agreement with message coming out of NAAIM and II Inflows from overseas key; as of November they are MIA Some interesting tidbit came … Continued
U.S. home builder sentiment chirpy, near multi-year highs Just a matter of time before sentiment follows home sales/starts lower Stocks follow builder sentiment; ITB perilously close to breaking crucial support Hope springs eternal. U.S. home builders are an optimistic bunch. … Continued