CoT: Peek Into Future Through Futures – How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of Sep 26, 2017. 10-year note: Currently net long 256.6k, down 13.5k. The Treasury yield curve widened this week.  The spread between 10- and two-year notes went from 78 basis points on Monday … Continued

Z.1 — 2Q17 Household Assets At New High, Several Other Metrics At Nosebleed Territory

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The financial accounts of the U.S. for 2Q17 was published last Thursday.  Better known as the Z.1 report, the massive quarterly publication contains tons of useful data – thus highly recommended. The seven charts below try to highlight where things … Continued

CoT: Peek Into Future Through Futures – How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of Sep 19, 2017. 10-year note: Currently net long 270.1k, up 18.4k. Americans’ love for leverage needs no elaboration.  The debt culture began in earnest in the early ’80s.  Leverage remains high – … Continued

With Income And Home Price Headwind, Hitherto-Housing Tailwind Rates Need Close Watch

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Rates are rising – probably not enough to seriously hurt sectors such as housing, but will in due course if the momentum continues. In merely nine sessions, 10-year Treasury yields have gone up by 24 basis points to 2.28 percent, … Continued

Unwinding Of Balance Sheet News – Real News Is When Fed Reverses Decision

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It is probably a foregone conclusion that the Fed later today leaves interest rates unchanged, and will announce a plan to gradually shrink its massive portfolio of mortgage and Treasury bonds. The question is, how would the markets react?  The … Continued

CoT: Peek Into Future Through Futures – How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of Sep 12, 2017. 10-year note: Currently net long 251.7k, up 29.9k. The FOMC’s two-day meeting begins Tuesday.  A press conference by Janet Yellen, Fed chair, is scheduled for Wednesday.  After this, there … Continued

CoT: Peek Into Future Through Futures – How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of Sep 5, 2017. 10-year note: Currently net long 221.8k, down 61.9k. Last week, 2Q17 real GDP growth was revised higher to three percent – much better than the post-Great Recession average of … Continued

CoT: Peek Into Future Through Futures – How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of Aug 29, 2017. 10-year note: Currently net long 283.7k, up 22.5k. Hurricane Harvey may have given the Fed an excuse not to hike come December.  At least that is how markets are … Continued

CoT: Peek Into Future Through Futures – How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of Aug 22, 2017. 10-year note: Currently net long 261.2k, up 60.7k. Fed funds futures are currently pricing in 40 percent odds of a 25-basis-point increase in December, while September and November are … Continued

XLY Bulls Deny Completion Of Double Top – Comparatively, RCD Fares Poorly

posted in: Credit, Economy, Equities, Technicals | 0

XLY (SPDR consumer discretionary ETF) saves a potential breakdown – for now, and just in time. On June 5 this year, XLY (89.36) rallied to 92.14, before retreating.  Seven weeks later, on July 27, it rallied to 92.55, only to … Continued