CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of October 4, 2016. 10-year note: Bloomberg ran a story on Tuesday saying the ECB would probably gradually wind down bond purchases before the end of quantitative easing, and that it may … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of September 27, 2016. 10-year note: Once again, Mario Draghi, ECB chief, urged Eurozone governments to complement central-bank action.  He was speaking before the European parliament on Monday.  Mr. Draghi said there … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of September 20, 2016. 10-year note: A steeper yield curve is typically associated with a strengthening economy.  So when the Bank of Japan says it will target a steeper yield curve, what … Continued

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

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