VIX flashed a spike reversal last week. If history repeats itself, this probably means downward pressure on volatility, and higher stock prices. This is near term. Medium- to long-term, it will take time to heal the technical damage inflicted this … Continued
Following futures positions of non-commercials are as of January 25, 2022. 10-year note: Currently net short 264.7k, down 6.8k. Jerome Powell, Fed chairman, has a task at hand – to bring inflation, the likes of which has not been seen … Continued
Following futures positions of non-commercials are as of January 18, 2022. 10-year note: Currently net short 271.4k, down 72.4k. The FOMC meets next week. This will be the year’s first scheduled meeting, and seven more remain after this. Members will … Continued
Following futures positions of non-commercials are as of January 11, 2022. 10-year note: Currently net short 343.8k, up 66.9k. Last week, the 10-year treasury yield closed right at 1.77 percent, which was the high from last March. Since that peak, … Continued
Following futures positions of non-commercials are as of January 4, 2022. 10-year note: Currently net short 276.9k, up 63.6k. The December 14-15 FOMC minutes, out Wednesday, revealed that the Fed was more determined to snatch the punch bowl away from … Continued
Following futures positions of non-commercials are as of December 28, 2021. 10-year note: Currently net short 213.3k, down 126k. FOMC minutes for the December 14-15 meeting come out on Wednesday. This was a meeting in which markets essentially forced the … Continued
Following futures positions of non-commercials are as of December 21, 2021. 10-year note: Currently net short 339.3k, up 65.4k. December thus far has been a month in which the 10-year treasury yield has been through lots of ups and downs … Continued
Following futures positions of non-commercials are as of December 14, 2021. 10-year note: Currently net short 273.9k, up 6.9k. Once again, markets forced the Fed’s hands. Until this week’s FOMC meeting, futures traders were betting that the central bank would … Continued
Following futures positions of non-commercials are as of December 7, 2021. 10-year note: Currently net short 267k, down 46.4k. This year’s final FOMC meeting takes place next week. Last week, Jerome Powell, Fed chair, floated the idea of accelerated taper … Continued
VIX witnessed a spike reversal last week, before coming under massive downward pressure this week, helping equities. Equity bulls could receive further help should Friday’s CPI behave. It turns out VIX flashed a spike reversal last week. On Friday, it … Continued