Tue’s CPI To Decide If Non-Commercials Will Cover Short Bets On Large-And Small-Caps

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After three straight down weeks, both large- and small-caps rallied strong last week. More could follow should non-commercial futures traders, who remain heavily net short S&P 500 e-mini and Russell 2000 mini-index contracts, are forced to cover. Last week began … Continued

Revision Trend In ’23 Earnings Estimates Down, Yet To Reflect Full Extent Of End-Demand Softness That Lies Ahead

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Next year’s earnings estimates for US companies peaked in April for large-caps and in June for small-caps. Given Powell’s resolve to significantly reduce the current four-decade-high inflation – no matter what the cost to jobs and the economy – the … Continued