Following futures positions of non-commercials are as of December 18, 2018. 10-year note: Currently net short 380.8k, down 13k. With pressure growing from diverse quarters, including the White House, to stay pat in this week’s meeting, the Fed went ahead … Continued
The FOMC meets this week. A 25-basis-point hike is expected, so is a shift to a dovish bias. Watch out if stocks, beaten up the past two and a half months, cannot rally on this, and/or shorts quickly show up … Continued
Following futures positions of non-commercials are as of December 11, 2018. 10-year note: Currently net short 393.8k, up 100.6k. Next week – on 18-19 – the FOMC meets. This is the last meeting this year. A 25-basis-point raise is expected, … Continued
Post-Powell’s supposed dovish switch last week, equity bulls spent lots of energy to rally the S&P 500 within less than two points of the 200-day. If the trade-tariff truce the US and China reached over the weekend in Argentina is … Continued
Following futures positions of non-commercials are as of November 27, 2018. 10-year note: Currently net short 284.2k, down 83k. Jerome Powell, Fed chair, moved markets on Wednesday. A whole host of asset classes reacted to his Economic Club of New … Continued
US stocks continued to take it on the chin last week. Amidst this rout that began early October, small-caps last week performed relatively better. Bulls hope this is a signal, not a noise, at least near term. US M2 money … Continued
Following futures positions of non-commercials are as of November 13, 2018. 10-year note: Currently net short 333.2k, down 206k. On October 5, the 10-year rate (3.07 percent) began retreating after touching 3.25 percent – the highest since May 2011. Thursday … Continued
Major US equity indices are once again under pressure, likely eyeing recent lows. In the event they are not breached, options can offer an opportunity for nimble traders. Bears were looking at decent odds to get aggressive last week. The … Continued
Following futures positions of non-commercials are as of November 6, 2018. 10-year note: Currently net short 539.2k, up 36.3k. In January, the 10-year Treasury rate broke out of 2.62 percent. Then in September, it took out 2.95 percent, followed by … Continued
After a decent rally in equities last week, this week has on the docket several potentially market-moving events – from FOMC meeting to mid-term elections to China trade. Longs can think of selling some covered calls. Last week, two separate … Continued