Rising interest rates, geopolitical tensions and inflation worry, among others, are not making a dent in stocks – not yet anyway. Dips are persistently getting bought. Last week, the major US equity indices finished in such a manner that a … Continued
An extremely overbought equity market used a spike in long rates as an excuse to lock in profit last week. Maximum complacency is evident in equity options, even as the 10-year sits right at trendline resistance from October 2023; a … Continued
Following futures positions of non-commercials are as of May 5, 2026. 10-year note: Currently net short 815.3k, down 23.9k. The 10-year treasury yield began the week with an intraday tag of 4.46 percent on Monday, closing lower a basis point … Continued
Even as options traders continue to remain complacent but doing so are minting money, non-commercial futures traders just turned bearish on tech shares. Amidst this, some early signs of fatigue are showing up in small-caps, although cash keeps setting new … Continued
U.S. equity indices logged another week of gains. They bottomed on March 30. Amidst this feverish risk-on behavior, some early signs of risk-off showed up last week. Tech and small-caps both rose, with the Nasdaq 100 surging but the Russell … Continued
The major US equity indices have all accumulated massive gains over the last three weeks. Rallies of such magnitude over such a short period of time do not occur very often and come amidst a dichotomy of consumer confidence that … Continued
From the intraday low 12 sessions ago, the S&P 500 is up five percent, with back-to-back gap-up sessions in the last two. This is taking place at a time when Nasdaq and NYSE short interest sits nears record highs. In … Continued
Following futures positions of non-commercials are as of May 20, 2025. 10-year note: Currently net short 851.4k, down 38.9k. FOMC minutes for the May 6-7 meeting are due out next Wednesday. As expected, the fed funds rate was left steady … Continued
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
Equity bulls are struggling at resistance. Last Friday’s news of consumers’ heightened inflation expectations for the next year was used as an opportunity to lighten up at/near resistance. This is taking place at a time when bullish optimism remains high … Continued