Following futures positions of non-commercials are as of October 29, 2024. 10-year note: Currently net short 901.2k, up 53k. The FOMC meets next week on Tuesday-Wednesday. A 25-basis-point cut is priced in. Immediately after the policy-setting body reduced the fed … Continued
Following futures positions of non-commercials are as of October 22, 2024. 10-year note: Currently net short 848.2k, down 16.9k. Non-commercials have reduced their net shorts in 10-year note futures by 25.9 percent from the week to October 1 when they … Continued
Small-caps are showing some improved action. With so many false dawns in the past, bulls hope this lasts and that the economy is headed for Goldilocks, as too hot or too cold may not suit their bias. Small-caps have spring … Continued
Following futures positions of non-commercials are as of October 15, 2024. 10-year note: Currently net short 865.1k, down 95.1k. In the week to October 1, non-commercials were net short a record 1,143,889 contracts in 10-year note futures. In the subsequent … Continued
Following futures positions of non-commercials are as of October 8, 2024. 10-year note: Currently net short 960.1k, down 183.8k. The 10-year treasury yield continued to rally – now up four weeks in a row, with the addition of nine more … Continued
Equity bulls ended the S&P 500 last week just under a potentially breakout point. But not all the wheels are in motion. On the Nasdaq 100, which remains under its July high, sellers showed up seven sessions ago as soon … Continued
Following futures positions of non-commercials are as of October 1, 2024. 10-year note: Currently net short 1,143.9k, up 118.6k. Yet another record high in non-commercials’ net shorts in 10-year note futures! These traders are obviously positioned for higher rates, and … Continued
Following futures positions of non-commercials are as of September 24, 2024. 10-year note: Currently net short 1,025.3k, down 68.7k. In August, headline and core PCE, which is the Federal Reserve’s favorite inflation metric, increased 2.24 percent and 2.68 percent, in … Continued
Equities failed to rally last Wednesday, when the FOMC handed out a jumbo 50-basis-point cut. Stocks had a very nice session on Thursday. With that said, the last three daily candles on the S&P 500, which did rise to a … Continued
Following futures positions of non-commercials are as of September 17, 2024. 10-year note: Currently net short 1,094k, up 71.9k. The fed funds rate was cut by 50 basis points to a range of 475 basis points to 500 basis points. … Continued