CoT: Peek Into Future Through Futures

Following futures positions of non-commercials are as of May 9, 2017. 10-year note: Currently net long 229.1k, up 49.2k. Back into the nearly six-month range … or near range support, to be precise. Since the election last November, 10-year yields … Continued

US Dollar Index’s Sharp Two-Day Rally Driven By Fear, Not Fundamentals

From last week’s Thursday close through this Monday, the US dollar index jumped 3.4 percent.  This was the sharpest two-session increase since it rallied 3.6 percent on September 29, 1992.  That is how far back one has to go in … Continued

U.S. Stocks’ Near-Term Path Uncertain, But Outlook Cloudy Medium- To Long-Term

For the second consecutive year, U.S. stocks are struggling to get traction in December.  Month-to-date, the S&P 500 large cap index is down 0.9 percent.  December last year was down 0.4 percent. In fact, before trading began last week, the … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of November 3, 2015.  Change is week-over-week. 10-year note: Three prominent Fed officials tried to convince the markets this week that December was in play in earnest. Testifying before the House Financial … Continued

Peek into future through futures

The following are futures positions of non-commercials as of April 7, 2015.  Change is week-over-week. 10-year note: Interesting times, indeed!  Mexico this week issued a 100-year bond denominated in euros.  This is not the first time that nation has tapped … Continued