Following futures positions of non-commercials are as of May 20, 2025. 10-year note: Currently net short 851.4k, down 38.9k. FOMC minutes for the May 6-7 meeting are due out next Wednesday. As expected, the fed funds rate was left steady … Continued
The rally since early-April lows has equity bulls aggressively expressing their sentiment in options, which, should the current trajectory persist, will have potentially reached a dangerous level soon. Optimism is in the air. Equity longs are expressing this in the … Continued
Following futures positions of non-commercials are as of May 13, 2025. 10-year note: Currently net short 890.4k, down 62.8k. The good thing is that the US has lowered tariffs on Chinese goods from 145 percent to 30 percent, even as … Continued
After massive rallies off the early-April lows, the major US equity indices are bumping against potentially crucial resistance. Pre-opening, futures are strong, reacting to the agreement between the US and China to slash tariffs; small-cap reaction will be a big … Continued
Following futures positions of non-commercials are as of April 29, 2025. 10-year note: Currently net short 871.5k, down 34.5k. The FOMC meets next week. The two-day meeting ending Wednesday is the year’s third, and five more remain after this. During … Continued
Following futures positions of non-commercials are as of April 22, 2025. 10-year note: Currently net short 906.1k, down 31.6k. A dramatic confrontation between the White House and the Federal Reserve has been put off – for now. President Donald Trump … Continued
It is a make-or-break time for small-caps. Having been under pressure since last November’s peak, the Russell 2000 has defended must-hold 1700, closing last week just under 1900, a takeout of which will bolster odds of more strength. The Russell … Continued
Following futures positions of non-commercials are as of April 8, 2025. 10-year note: Currently net short 1,078.5k, up 215.2k. Non-commercials raised net shorts in 10-year note futures by 24.9 percent this week to 1.08 million contracts – now merely 6.1 … Continued
Amid fears of tariffs-induced economic slowdown/contraction and indiscriminate selling of stocks, equity bulls are hoping for signs of stability and a relief rally. It has been 11 quarters since the US economy shrank. The contraction took place in 1Q22, dropping … Continued
Following futures positions of non-commercials are as of April 1, 2025. 10-year note: Currently net short 863.3k, up 53.2k. FOMC minutes for the March 18-19 meeting will be out Wednesday. The fed funds rate was left steady at a range … Continued