Unless momentum changes swiftly, the tech-dominated Nasdaq 100 index once again is beginning to lag, creating opportunities for nimble traders. The Nasdaq 100 has come a long way. It is up nearly 29 percent this year – much more than … Continued
Following futures positions of non-commercials are as of Nov 28, 2017. 10-year note: Currently net long 123.9k, up 12.9k. The U.S. economy is in its ninth year of recovery. Post-Great Recession, real GDP has grown at an average 2.2 percent. … Continued
Following futures positions of non-commercials are as of Nov 21, 2017. 10-year note: Currently net long 111.1k, up 36.2k. “In light of elevated asset valuations and low financial market volatility, several participants expressed concerns about a potential buildup of financial … Continued
Small-caps have sprung back to life in recent sessions. Since peaking at 1514.94 on October 5 through the intraday low of 1454.17 last Wednesday, the Russell 2000 small cap index (1503.40) shed four percent. It was a slow drip-drip move … Continued
Following futures positions of non-commercials are as of Nov 14, 2017. 10-year note: Currently net long 74.8k, up 24.8k. The dichotomy continues. At 1.73 percent, two-year T-yields, which reflect markets’ expectations for the Fed’s monetary policy, are the highest since … Continued
Following futures positions of non-commercials are as of Nov 7, 2017. 10-year note: Currently net long 50.1k, up 47.3k. It was yet another instance of 10-year Treasury yields wilting well before even getting close to 2.6 percent. Are they sending … Continued
Following futures positions of non-commercials are as of Oct 31, 2017. 10-year note: Currently net long 2.7k, down 150.9k. So Jerome Powell, current Fed governor, it is – the next chair. He is supposedly a dove – along the lines … Continued
If small-caps are a gauge of investor mood for risk- on and-off, then they are subtly beginning to lean toward risk-off. Of the four major U.S. indices – the S&P 500 large cap index, Dow Industrials, Nasdaq composite, and the … Continued
Following futures positions of non-commercials are as of Oct 24, 2017. 10-year note: Currently net long 153.6k, up 47.3k. FOMC meets next week. The October 31-November 1 meeting is the seventh this year, with the eighth, and final, scheduled for … Continued
U.S. Treasury yields have come under upward pressure for nearly a month and a half, although the increase has not been uniform across the curve. The yield curve (spread between the two- and 10-year) last Friday was only 79 basis … Continued