CoT: Peek Into Future Through Futures

Following futures positions of non-commercials are as of May 2, 2017. 10-year note: Currently net long 179.9k, down 34.8k. Pre-FOMC decision this week, futures were pricing in 63 percent odds of a 25-basis point hike in June and 60 percent … Continued

U.S. Corporate Bond Issuance To Drop Under New Tax Plan?

posted in: Credit, Economy | 0

President Trump’s tax plans could potentially impact U.S. corporate bond issuance once – and if – they become law. Annualizing the first four months, U.S. corporations are on pace to increasing bond issuance in double digits this year over 2016. … Continued

1Q17 Revision Trend In Earnings Good – One-Hit Wonder Or To Last Through ’17 and ’18?

posted in: Economy, Equities | 0

As of last Friday, per S&P Dow Jones Indices estimates, 1Q17 sales of S&P 500 companies were $293.82/share.  This amounts to a decline of 2.4 percent quarter-over-quarter, but year-over-year sales were up 7.2 percent.  This was the fastest quarterly growth … Continued

CoT: Peek Into Future Through Futures

Following futures positions of non-commercials are as of April 25, 2017. 10-year note: Currently net long 214.6k, up 255.9k. Ten-year Treasury yields did indeed test support-turned-resistance at 2.31 percent this week.  In fact, they rose all the way to 2.35 … Continued

With Spring In Feet This Week, Stocks Need Successful Breakout Retest To Prove Move Is Real

Breakouts galore! The three U.S. equity indices discussed here all broke out this week in one form or another. The Russell 2000 small cap index and the Nasdaq composite rallied to fresh new highs, even as the S&P 500 large … Continued

Russell 2000 Once Again Bounces Off Support, Likely Rallies Further – Medium-Term Outlook Sour

The Russell 2000 small cap index once again sits right underneath the upper bound of a five-month range. From the 4th through the 20th in November last year, the Russell 2000 jumped 16.5 percent to 1247.2, rallying every single session … Continued

CoT: Peek Into Future Through Futures

Following futures positions of non-commercials are as of April 18, 2017. 10-year note: Currently net short 41.3k, down 23.2k. After dropping last week out of a five-month, 2.62 percent-2.31 percent range, 10-year Treasury yields (2.24 percent) proceeded to drop to … Continued

Trump Dangles Carrot In Front Of Yellen – Financials Likely Casualty

Last Wednesday, speaking to the Wall Street Journal President Trump said that the dollar was getting too strong and that it would eventually hurt the U.S. economy.  In the past, he, as well as Treasury Secretary Steven Mnuchin, have made … Continued

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