CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of September 13, 2016.   10-year note: More and more, we are beginning to hear from commentators – both professional and in media – that major central banks are increasingly hesitant about … Continued

Fed Giveth, Fed Taketh Away?

posted in: Credit, Economy, Equities, Technicals | 0

Seven weeks of sideways action on the S&P 500 large cap index has been resolved.  Last Friday, the index dropped 2.5 percent, for a weekly drop of 2.4 percent.  This comes on the heels of an important breakout in July. … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of September 6, 2016.   10-year note: Is the ECB reaching the end of the stimulus rope?  This is not a consensus thinking, but the bank may very well be trying to … Continued

Markets Dance To Fed’s Tune Way Too Much … Matter Of Time Before This Backfires

posted in: Credit, Economy, Equities, Technicals | 0

Markets are under the influence of the Fed’s rate hike talk – or a lack of it – a little too much … to such an extent that it can potentially backfire someday. Last Thursday, we learned that the ISM … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of August 30, 2016.  Change is week-over-week. 10-year note: Prior to this week, after hawkish comments from several FOMC members, it looked like the August jobs report was the sole make-or-break data … Continued

Stocks Vulnerable Near Term Particularly If August Payroll Is Strong

Jackson Hole came and went. At the annual confab, Janet Yellen, Fed chair, last Friday seemed to agree with preceding hawkish messages from three prominent FOMC members – Stanley Fischer, vice-chair, William Dudley, New York Fed president, and John Williams, … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of August 23, 2016.  Change is week-over-week. 10-year note: In the Greenspan era, traders did not have to deal with the kind of mixed messages they do today.  Back then, the message … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of August 16, 2016.  Change is week-over-week. 10-year note: One more prominent central banker this week seemed to throw his hands up in the air. John Williams, San Francisco Fed president, in … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of August 2, 2016.  Change is week-over-week. 10-year note: Mixed messages from two major central banks! On Friday last week, Haruhiko Kuroda, BoJ governor, decided not to live up to markets’ lofty … Continued