Fed Wants/Expects Uptick In Inflation, Markets Do Not Foresee One

posted in: Credit, Economy | 0

“Most of my colleagues and I anticipate that it will likely be appropriate to raise the target range for the federal funds rate sometime later this year and to continue boosting short-term rates at a gradual pace thereafter as the … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of September 15, 2015.  Change is week-over-week. 10-year note: When the Fed finally raises rates – whenever that is – ahead of that move should we now pay attention to fed funds … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of September 8, 2015.  Change is week-over-week. 10-year note: More jawboning this week!  Following in the footsteps of Christine Lagarde, IMF managing director, Kaushik Basu, World Bank chief economist, says the Fed … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of September 1, 2015.  Change is week-over-week. 10-year note: The IMF is at it again.  This week, it reiterated its stance that advanced economies should maintain accommodative monetary policies.  By that it … Continued

COT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of July 28, 2015.  Change is week-over-week. 10-year note: The following from the FOMC statement drew a lot of attention: “The Committee anticipates that it will be appropriate to raise the target … Continued

Peek Into Future Through Futures

The following are futures positions of non-commercials as of July 21, 2015.  Change is week-over-week. 10-year note: Is global growth slowing?  The ongoing slump in commodities seems to suggest that.  In this scenario, it would make sense for investors to … Continued

Weekly Covered Call Post-GLD Breakdown

The yellow metal cannot catch a break. GLD, the SPDR Gold ETF, broke down last week, losing eight-month support at $110.  The corresponding support on spot gold lies around $1,140.  Friday, gold closed at $1,132.20 and GLD at $108.65. The … Continued

Peek Into Future Through Futures

The following are futures positions of non-commercials as of July 14, 2015.  Change is week-over-week. 10-year note: Fed Chair Janet Yellen during her mid-week Humphrey-Hawkins testimony reiterated her desire to hike interest rates later this year, if data cooperate.  On … Continued

Weekly Cash-Secured Put On TLT

posted in: Credit, Derivatives, Technicals | 0

As expected, Fed Chair Janet Yellen, in her Humphrey-Hawkins testimony yesterday, reiterated what she, and other Fed officials, have been saying for a while.  They are data dependent, and if data cooperate, a rate hike is coming later this year.  … Continued

COT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of July 7, 2015.  Change is week-over-week. 10-year note: After the June FOMC minutes were released, investors pushed back expectations for the first interest rate hike to March next year.  The minutes … Continued