Bonds and stocks diverged for a couple of months before beginning to move hand in hand this month. The former is not buying the enthusiasm shown by the latter. The 10-year T-yield currently sits at decade-old support. A breakdown will … Continued
Following futures positions of non-commercials are as of March 5, 2019. 10-year note: Currently net short 233.4k, down 619. The rally in the 10-year Treasury yield (2.63 percent) from July 2016, when rates bottomed at 1.34 percent, ended last October … Continued
Corporate buybacks were the savior last year, even as investors took cash out of equities and foreigners reduced exposure to US stocks. The status quo needs to change. Bulls cannot continue betting on continued buyback momentum. On a 12-month rolling … Continued
Following futures positions of non-commercials are as of February 26, 2019. Beginning December 21, the CFTC was not able to publish reports on time due to the partial shutdown of the federal government. After the government reopened, it published one … Continued
Following futures positions of non-commercials are as of February 19, 2019. Beginning December 21, the CFTC was not able to publish reports on time due to the partial shutdown of the federal government, which has now reopened. The CFTC expects … Continued
Following futures positions of non-commercials are as of February 12, 2019. Beginning December 21, the CFTC was not able to publish reports on time due to the partial shutdown of the federal government, which has now reopened. The CFTC expects … Continued
Following futures positions of non-commercials are as of February 5, 2019. Beginning December 21, the CFTC was not able to publish reports on time due to the partial shutdown of the federal government, which has now reopened. The CFTC expects … Continued
Following futures positions of non-commercials are as of January 29, 2019. Beginning December 21, the CFTC was not able to publish reports on time due to the partial shutdown of the federal government, which has now reopened. The CFTC expects … Continued
After the October-December rout, US stocks rallied big in January and February-to-date. Several data points such as consumer and investor sentiment followed suit, but their rise has been muted. For longs, this could mean there is room for more strength, … Continued
Following futures positions of non-commercials are as of January 22, 2019. Beginning December 21, the CFTC was not able to publish reports on time due to the partial shutdown of the federal government, which has now reopened. The CFTC expects … Continued