The following are futures positions of non-commercials as of May 5, 2015. Change is week-over-week. 10-year note: It was a weird week. That is an understatement. Up until Wednesday, 10-year yields were up 20 basis points. Treasurys on the long … Continued
U.S. corporate profits down in 2014, but not S&P 500 earnings Since ’46, corporate profits have only dropped 4 times during expansion Twice since 1989, corporate profits fell but not SPX earnings, latter fell following year U.S. corporate profits were down … Continued
Share of U.S. corporate profits in national income barely off all-time highs Share of software plus R&D in U.S. private fixed investment falling since 2009 As good a hint as any for corporates to send current margins unsustainable long term? … Continued
As oil price buckles, increase in talk of need to focus on S&P 500 earnings ex-energy Collapse in energy earnings important factor, but SPX ests were too rosy to begin with Sell-side struggles to wrap arms around energy repercussions; hard … Continued
Bloomberg poll: international investors most bullish on U.S. markets in more than five years Giddy sentiment in agreement with message coming out of NAAIM and II Inflows from overseas key; as of November they are MIA Some interesting tidbit came … Continued