Large-cap bulls last week squandered an opportunity to leave a decisive mark on the S&P 500 and Nasdaq 100. Those chances instead went begging, leaving the door open for the bears to inflict more pain. Going into last week, the … Continued
Following futures positions of non-commercials are as of October 13, 2026. 10-year note: Currently net short 988.1k, up 91.6k. Last week, after a massive rally, the 10-year treasury yield gave out subtle signs of fatigue. This week, it gave back … Continued
Equity bulls are positioned well to pull off a decisive breakout on both the S&P 500 and Nasdaq 100. Help may come from rates and crude oil. The 10-year treasury yield has had a hell of a move in recent … Continued
Following futures positions of non-commercials are as of October 6, 2026. 10-year note: Currently net short 896.5k, down 4.1k. The persisting strength in the 10-year treasury yield has been the talk of the town. In February this year, these notes … Continued
Several crosscurrents are at work in the investing land currently. Equity bulls are at a stage when they are having to celebrate a disappointing jobs report. But the Fed currently is not focused as much on jobs as it is … Continued
Following futures positions of non-commercials are as of September 29, 2026. 10-year note: Currently net short 900.6k, up 88.9k. FOMC minutes for the September 15-16 meeting are due out Wednesday. The fed funds rate was raised by 25 basis points … Continued
In a market that is too top-heavy, large-cap equity indices are struggling to decisively break out to new highs. At last Tuesday’s intraday high of 7782, equity bulls rallied the S&P 500 within 0.4 percent of the all-time high of … Continued
Following futures positions of non-commercials are as of September 22, 2026. 10-year note: Currently net short 811.8k, down 9.5k. Lateral support at 4.75s on the 10-year treasury yield was never tested, with this week’s low taking place at 4.93 percent … Continued
The Fed raised rates for the first time in just over three years. Equities are acting as if it is one, or two, and done. But futures traders are pricing in three more hikes by December next year. The major … Continued
Following futures positions of non-commercials are as of September 15, 2026. 10-year note: Currently net short 821.2k, down 13.5k. Markets were begging the Federal Reserve’s FOMC (Federal Open Market Committee) to hike, and the policy-making body did not disappoint, raising … Continued