Following futures positions of non-commercials are as of December 19, 2023. 10-year note: Currently net short 687.6k, up 130.6k. In the last week of 2022, non-commercials were net short 344,209 contracts in 10-year note futures. This week, they held 687,572 … Continued
Last week, the major US equity indices rallied strongly – rising mid- to high-single digits. Bulls tried to maintain the momentum this week, but bears are coming out of the woodwork. Odds favor the latter right here and now. The … Continued
Following futures positions of non-commercials are as of July 11, 2023. 10-year note: Currently net short 635.1k, down 145.5k. Last week’s channel breakout did not amount to much this week. Last October, the 10-year treasury yield retreated after tagging 4.33 … Continued
With two consecutive weeks of rallies, major US equity indices closed last week right at/near crucial resistance. This is taking place even as companies are getting ready to report 4Q22 earnings, which over the last multiple weeks have been persistently … Continued
Following futures positions of non-commercials are as of January 10, 2023. 10-year note: Currently net short 411.4k, up 27.8k. Federal Reserve Chair Jerome Powell has his hands full. He wants to slow down the US economy to bring inflation under … Continued
After four weekly drops in a row, major US stock indices gained last week. Encouragingly for equity bulls, some important patterns have formed technically. More gains are probable. Before last week’s 1.4-percent jump, the S&P 500 suffered four consecutive down … Continued
Following futures positions of non-commercials are as of January 6, 2023. 10-year note: Currently net short 383.6k, up 39.4k. FOMC minutes for the December 13-14 meeting, out Wednesday, essentially repeated what the post-meeting statement and/or Chair Jerome Powell said in … Continued
Following futures positions of non-commercials are as of December 27, 2022. 10-year note: Currently net short 344.2k, up 27.3k. FOMC minutes for the December 13-14 meeting are due out next Wednesday. The fed funds rate was raised by 50 basis … Continued
Following futures positions of non-commercials are as of July 26, 2022. 10-year note: Currently net short 199.9k, up 83.9k. The FOMC this week delivered what officials had telegraphed the rate-setting body would do. The fed funds rate was raised by … Continued
Following futures positions of non-commercials are as of May 10, 2022. 10-year note: Currently net short 86k, down 61.6k. It is probable the 10-year treasury yield made an important high this week. Rates touched 3.17 percent intraday Monday before reversing … Continued