The following are futures positions of non-commercials as of May 10, 2016. Change is week-over-week. 10-year note: Three FOMC voting members were on full jawboning mode on Thursday. Eric Rosengren, Boston Fed president, said markets are underestimating the likelihood of … Continued
The following are futures positions of non-commercials as of May 3, 2016. Change is week-over-week. 10-year note: Last week, the Bank of Japan shocked markets by not adding to its stimulus program. The yen jumped 2.4 percent. This week, the … Continued
The following are futures positions of non-commercials as of April 26, 2016. Change is week-over-week. 10-year note: Two different central-bank meetings, and two different market reactions this week. Haruhiko Kuroda, Bank of Japan governor, has a habit of surprising the … Continued
With five sessions to go in April, the Nasdaq 100 index (4474.19) is down 0.2 percent, while the Russell 2000 small cap index (1146.69) is up 2.9 percent. Last week made a big difference, as the former was down 1.5 … Continued
The following are futures positions of non-commercials as of April 19, 2016. Change is week-over-week. 10-year note: That this is even being discussed in the press and among economists is a sign of how insane things have gotten in central … Continued
The following are futures positions of non-commercials as of April 12, 2016. Change is week-over-week. 10-year note: Glass half full or half empty? Yet again, the IMF issued a downward revision to its prediction for global GDP growth, cutting 2016 … Continued
The following are futures positions of non-commercials as of April 5, 2016. Change is week-over-week. 10-year note: The FOMC minutes for the March 15-16 meeting were released this week, and there was nothing substantially new. That said, maybe because FOMC … Continued
Are we seeing a classic ‘stocks turn ahead of fundamentals’ phenomenon? U.S. equities in general bottomed on February 11th after a brutal sell-off in January. From late-December 2015 highs through the afore-mentioned low, the S&P 500 index dropped 13 percent … Continued
The following are futures positions of non-commercials as of March 29, 2016. Change is week-over-week. 10-year note: The back and forth between the two camps within the FOMC continues. Last week, several members used public forums to express hawkish opinion … Continued
The following are futures positions of non-commercials as of March 22, 2016. Change is week-over-week. 10-year note: This could not get any funnier. A week after the FOMC statement, and later Janet Yellen, Fed chair, shifted message from hawkish to … Continued