Nasdaq and NYSE short interest just hit a new high. With stocks showing strong momentum, short squeeze is always possible, but the major equity indices are also giving out signs of fatigue. Having had difficulty converting potentially bearish candles into … Continued
Following futures positions of non-commercials are as of Sep 23, 2025. 10-year note: Currently net short 844.1k, up 24.8k. The 10-year treasury yield has approached a crucial spot. It finished up five basis points this week to 4.19 percent, with … Continued
Following futures positions of non-commercials are as of Sep 9, 2025. 10-year note: Currently net short 858k, down 10.4k. Next week, the FOMC meets. The two-day affair ends on Wednesday, and this will be the sixth meeting this year; two … Continued
Following futures positions of non-commercials are as of Sep 2, 2025. 10-year note: Currently net short 868.4k, down 15.5k. Non-farm payrolls continue to disappoint. August only produced 22,000 jobs, with June revised lower into a minus column – the first … Continued
With massive gains post-April lows, the major US equity indices are showing signs of fatigue. This is taking place a couple of weeks before the upcoming FOMC meeting in which markets have locked in a 25-basis-point cut in the fed … Continued
Following futures positions of non-commercials are as of Aug 26, 2025. 10-year note: Currently net short 883.8k, down 61.7k. Unlike his first four-year term, President Donald Trump’s preoccupation with the Federal Reserve has gone up meaningfully during his second term. … Continued
Following futures positions of non-commercials are as of Aug 19, 2025. 10-year note: Currently net short 945.5k, up 3.3k. Chair Jerome Powell used Friday’s Jackson Hole speech to suggest a rate cut is coming in the next meeting, which is … Continued
Markets have amped up rate-cut expectations for both this year and next, with some even ludicrously calling for a 50-basis-point reduction in next month’s FOMC meeting. Inflation has trended higher the last four-five months. This makes it difficult for the … Continued
Following futures positions of non-commercials are as of Aug 12, 2025. 10-year note: Currently net short 942.2k, down 17.6k. Minutes for the July 29-30 FOMC meeting are due next Wednesday. Despite repeated demands for lower short rates by President Donald … Continued
The stark difference between large- and small-cap performance remains a thorn in the side of the bull market. This is also corroborated in the June-quarter earnings numbers thus far. In the meantime, as tech-led large-caps snapped back sharply last week, … Continued