Following futures positions of non-commercials are as of March 22, 2022. 10-year note: Currently net short 263.8k, down 57.2k. At last, Jerome Powell seems to have gotten religion. Or so it seems. On Monday, the Federal Reserve chair delivered very … Continued
Major US equity indices rallied big last week, closing out right at, or near, important resistance, including moving averages, Fibonacci resistance and breakdown backtest. Concurrently, VIX is sitting on a rising trend line from early January. The S&P 500 (4463) … Continued
Following futures positions of non-commercials are as of March 8, 2022. 10-year note: Currently net short 377.7k, up 11.9k. Next Tuesday, a two-day FOMC meeting begins. This is the year’s second; six more remain after this. Ahead of this, fed … Continued
The sell-side customarily has lowered estimates going into the 2Q earnings season. Stocks have rallied since early June, thanks also to an impending rate cut by the Fed later this month and resumption of trade talks between the US and … Continued
Following futures positions of non-commercials are as of December 11, 2018. 10-year note: Currently net short 393.8k, up 100.6k. Next week – on 18-19 – the FOMC meets. This is the last meeting this year. A 25-basis-point raise is expected, … Continued
After rallies that lasted a little over two weeks, selling began on major US equity indices last week right at important resistance. This likely continues near term. US capacity utilization in March rose 0.4 percent month-over-month and 3.3 percent year-over-year … Continued
Following futures positions of non-commercials are as of April 17, 2018. 10-year note: Currently net short 371.7k, up 41.1k. The Treasury yield curve once again is the talk of the town. The yield spread between 10- and two-year notes fell … Continued