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
As world’s largest debtor and one running deficit, U.S. needs constant demand for Treasurys Recycling of petrodollars has been reliable source of demand for U.S. federal debt So far, drop in price of crude has not adversely impacted this demand … Continued
Major U.S. banks’ 4Q14 earnings results big disappointment Release of reserves built up during crisis years have been big tailwind Financials’ path of least resistance down medium-term, though oversold near-term Investors were genuinely disappointed last week as all four major … Continued
The following are futures positions of non-commercials as of January 13 (Tuesday). Change is week-over-week. Dollar index and E-mini S&P 500 are noticeable. 10-year note: Did non-commercials get squeezed a little this week? By Tuesday, the 10-year yield had dropped … Continued
Bounces are normal within established downtrends 2015 starts out lousy; selling/shorting rallies ka-ching so far this year Should Draghi disappoint next week and U.S. stocks get sold, weakness probably gets bought For ardent believers of “as goes January, so goes … Continued
November job openings in U.S. non-farm payroll at yet another high As of December, not much change in momentum in oil and extraction jobs Job openings in mining and logging peaked in July and is sideways/down since Job openings enable … Continued
Technically strong dollar bumping against two-decade-long resistance Trend-following hedge funds’ net longs in dollar index futures highest ever To watch out for: rise in odds of no rate hikes in U.S. and ECB QE disappointment Not a single day goes … Continued