The following are futures positions of non-commercials as of August 11, 2015. Change is week-over-week. 10-year note: How might the renminbi devaluation impact the Fed’s desire to hike rates this year? The devaluation is at least disinflationary as far U.S. … Continued
An options trade may be brewing on IWM, the iShares Russell 2000 ETF. In the July 15-31 period, shorts’ bearish bet on IWM paid off. Short interest went up nearly five percent during the period. The ETF fell 2.1 percent, … Continued
Small-caps were big laggards last week. IWM, the iShares Russell 2000 ETF, lost 2.5 percent, versus drops of 1.3 percent for the S&P 500 Index, 1.8 percent for the Dow Industrials and 1.7 percent for the Nasdaq Composite, among others. … Continued
The following are futures positions of non-commercials as of August 4, 2015. Change is week-over-week. 10-year note: Federal Reserve Governor Jerome Powell told CNBC on Wednesday that he has not made up his mind yet on whether interest rates should … Continued
The following are futures positions of non-commercials as of July 28, 2015. Change is week-over-week. 10-year note: The following from the FOMC statement drew a lot of attention: “The Committee anticipates that it will be appropriate to raise the target … Continued
U.S. small-caps have been through a lot in recent months. Chart 1 says it all. Will that change following Tuesday’s huge reversal? Since the Russell 2000 Index (1224.6) broke the mid-October 2014 trend line toward the end of April, it … Continued
The following are futures positions of non-commercials as of July 21, 2015. Change is week-over-week. 10-year note: Is global growth slowing? The ongoing slump in commodities seems to suggest that. In this scenario, it would make sense for investors to … Continued
Of late, volatility has been volatile. In the past month, VIX, the S&P 500 Volatility Index, has done a complete round trip – surging 68 percent in 11 sessions and then giving it all back in the next eight. As … Continued
The following are futures positions of non-commercials as of July 14, 2015. Change is week-over-week. 10-year note: Fed Chair Janet Yellen during her mid-week Humphrey-Hawkins testimony reiterated her desire to hike interest rates later this year, if data cooperate. On … Continued
The following are futures positions of non-commercials as of June 30, 2015. Change is week-over-week. 10-year note: Non-commercials continue to reduce net shorts – currently lowest since September 23rd last year. They have reduced net shorts by 98 percent in … Continued