The rally since early-April lows has equity bulls aggressively expressing their sentiment in options, which, should the current trajectory persist, will have potentially reached a dangerous level soon. Optimism is in the air. Equity longs are expressing this in the … Continued
Following futures positions of non-commercials are as of May 13, 2025. 10-year note: Currently net short 890.4k, down 62.8k. The good thing is that the US has lowered tariffs on Chinese goods from 145 percent to 30 percent, even as … Continued
Following futures positions of non-commercials are as of April 29, 2025. 10-year note: Currently net short 871.5k, down 34.5k. The FOMC meets next week. The two-day meeting ending Wednesday is the year’s third, and five more remain after this. During … Continued
Following futures positions of non-commercials are as of April 22, 2025. 10-year note: Currently net short 906.1k, down 31.6k. A dramatic confrontation between the White House and the Federal Reserve has been put off – for now. President Donald Trump … Continued
Following futures positions of non-commercials are as of April 8, 2025. 10-year note: Currently net short 1,078.5k, up 215.2k. Non-commercials raised net shorts in 10-year note futures by 24.9 percent this week to 1.08 million contracts – now merely 6.1 … Continued
Following futures positions of non-commercials are as of April 1, 2025. 10-year note: Currently net short 863.3k, up 53.2k. FOMC minutes for the March 18-19 meeting will be out Wednesday. The fed funds rate was left steady at a range … Continued
Following futures positions of non-commercials are as of March 25, 2025. 10-year note: Currently net short 810.1k, down 71.3k. Non-commercials reduced net shorts in 10-year note futures sequentially, but holdings remain elevated. In the week to October 1st last year, … Continued
After dropping by low double digits from their February all-time highs, the major large-cap equity indices are showing signs of a bottom – duration and magnitude notwithstanding. Between February 19th when the S&P 500 reached a fresh intraday high of … Continued
Following futures positions of non-commercials are as of March 18, 2025. 10-year note: Currently net short 881.4k, up 144.3k. As expected, the FOMC left the fed funds rate steady at a range of 425 basis points to 450 basis points. … Continued
Equities have been under pressure the last several weeks. Investor sentiment has taken a beating. Amidst this came signs last Friday that a relief could be in the making. With the major equity indices under selling pressure for at least … Continued