Following futures positions of non-commercials are as of January 26, 2021. 10-year note: Currently net long 36.9k, down 9.7k. Wednesday’s intraday drop to one percent has so far been a successful retest of the breakout three weeks ago, when the … Continued
Post-earnings stock reaction to the leading US financials has been negative. Ditto with how INTC and IBM were treated. This week and next, the top six companies report. Amidst elevated investor optimism and surging margin debt, reaction to their results … Continued
Following futures positions of non-commercials are as of January 19, 2021. 10-year note: Currently net long 46.6k, up 96.8k. A two-day FOMC meeting begins on Tuesday. This is the first meeting of the year – one of the eight scheduled … Continued
Following futures positions of non-commercials are as of January 12, 2021. 10-year note: Currently net short 50.2k, up 77.9k. No sooner than the 10-year treasury yield rallied past one percent than several Fed officials, including Chair Jerome Powell on Thursday, … Continued
Following futures positions of non-commercials are as of January 5, 2021. 10-year note: Currently net long 27.7k, up 2.4k. After losing one percent last March, bond bears (on price) had been unable to reclaim the level. That ended Wednesday when … Continued
Following futures positions of non-commercials are as of December 29, 2020 (data was made public this Monday instead of last Friday due to New Year’s holiday). 10-year note: Currently net long 25.2k, down 24.9k. FOMC minutes for the December 15-16 … Continued
Following futures positions of non-commercials are as of December 22, 2020 (data was made public this Monday instead of last Friday due to Christmas holiday). 10-year note: Currently net long 50.2k, up 22.8k. Once again last week, bond bears (on … Continued
With investor sentiment elevated and help from the Fed, margin debt and foreigners, major US equity indexes remain near highs. Bulls are positioning for a Santa rally, followed by the onset of 4Q earnings season in the first half next … Continued
Following futures positions of non-commercials are as of December 15, 2020. 10-year note: Currently net long 27.4k, down 1.8k. Covid-19 vaccine or not, Fed Chair Jerome Powell is not wearing rose-colored glasses as far as the US economy is concerned … Continued
Following futures positions of non-commercials are as of December 8, 2020. 10-year note: Currently net long 29.2k, up 3.4k. The FOMC meets next week. The two-day meeting ends on Wednesday with a press conference by Chair Jerome Powell. This is … Continued