The following are futures positions of non-commercials as of February 9, 2016. Change is week-over-week. 10-year note: On June 5, 2014, the ECB cut the deposit rate for the euro zone’s commercial banks to minus 0.1 percent from zero. It … Continued
The following are futures positions of non-commercials as of February 2, 2016. Change is week-over-week. 10-year note: There you go! Again. Less than three months after instituting the first rate hike in nine years, Fed officials are behaving as if … Continued
The top five weights in QQQ, the Nasdaq 100 ETF, are: Apple (AAPL), 11.4 percent; Alphabet (GOOGL, formerly Google), 9.2 percent (both A and C); Microsoft (MSFT), 8.5 percent; Amazon (AMZN), 5.8 percent; and Facebook (FB), 4.5 percent. The tech-heavy … Continued
The following are futures positions of non-commercials as of January 26, 2016. Change is week-over-week. 10-year note: Two important developments took place this week in central banking. First, the Fed. This week’s FOMC meeting was a non-event. No interest-rate decision … Continued
The following are futures positions of non-commercials as of January 19, 2016. Change is week-over-week. 10-year note: The International Monetary Fund lowers – again – its outlook for global economic growth this year. Warning of bumpier rides, especially in the … Continued
While there are some signs of near-term capitulation in equities – further raising odds of continuation of rally post-Wednesday reversal – it is perhaps also time to ruminate over why markets started the year all jittery and restless. From intra-day … Continued
U.S. stocks have gone 12 straight sessions without even a sliver of a bounce. About time for a reprieve? Between the December 29th intra-day high and January 15th low, the S&P 500 and Dow Industrials each lost 10.8 percent, the … Continued
The following are futures positions of non-commercials as of January 12, 2016. Change is week-over-week. 10-year note: With crude oil tanking the way it has, it is worth taking note that oil does correlate with inflation expectations. Already, the 10-year … Continued
The following are futures positions of non-commercials as of January 5, 2016. Change is week-over-week. 10-year note: The World Bank, warning of an increase in risks to the global economy, expects growth this year to come in at 2.9 percent, … Continued
U.S. corporate capital expenditures have been lackluster. That is an understatement. As a percent of real GDP in 3Q15, non-residential fixed investment comprised 12.8 percent. The post-Great Recession high of 12.9 percent was recorded in each of the three quarters … Continued