Within a month, RVX, the Russell 2000 Volatility Index, has gone from 17.34 to 46.66 to now back down to 23.70. Volatility has been very volatile. Going back to early 2013, RVX has found support at 14, consistently rising off … Continued
The following are futures positions of non-commercials as of September 15, 2015. Change is week-over-week. 10-year note: When the Fed finally raises rates – whenever that is – ahead of that move should we now pay attention to fed funds … Continued
The following are futures positions of non-commercials as of September 8, 2015. Change is week-over-week. 10-year note: More jawboning this week! Following in the footsteps of Christine Lagarde, IMF managing director, Kaushik Basu, World Bank chief economist, says the Fed … Continued
If we just focus on Charts 1 and 2 and consider how they have behaved in the past, equity bulls have reason to be optimistic. Because of the equity rout leading up to the August 24th low, both charts reached … Continued
Later this morning, August’s NFIB (National Federation of Independent Business) optimism index is published. July was 95.4, up 1.3 points month-over-month. The index has been under pressure since the recovery high of 100.4 reached last December. The last time it … Continued
The following are futures positions of non-commercials as of September 1, 2015. Change is week-over-week. 10-year note: The IMF is at it again. This week, it reiterated its stance that advanced economies should maintain accommodative monetary policies. By that it … Continued
2134.72. That is the all-time record the S&P 500 Index (1948.86) notched on May 20. It is possible in the annals of stock market history this high will be viewed with the same level of trepidation/respect as 1553.11 (March 2000 … Continued
It is damage control time for small-cap investors. When on August 14 August 21st weekly 119 puts were hypothetically sold for $0.92, IWM, the iShares Russell 2000 Index, was trading at $119.62. If the short put got assigned, it was … Continued
The following are futures positions of non-commercials as of August 25, 2015. Change is week-over-week. (Please keep in mind that these holdings are as of Tuesday. By then, from high to low the S&P 500 was down 12.5 percent. In … Continued
There is a lot going on in the land of volatility. Readings are extreme. On Monday, VIX, the S&P 500 Volatility Index, surged to the highest since January 2009 (Chart 1), and RVX, the Russell 2000 Volatility Index, to the … Continued