Following futures positions of non-commercials are as of June 20, 2017. 10-year note: Currently net long 345.2k, up 71.2k. Last week, 10-year T-yields lost – albeit ever so slightly – a rising trend line from last July. Back then, yields … Continued
The final numbers are in for buybacks, and it continues to show a decelerating trend. In 1Q17, S&P 500 companies spent $133.2 billion in share purchases– down 1.6 percent quarter-over-quarter and down a whopping 17.5 percent year-over-year. One year ago, … Continued
Following futures positions of non-commercials are as of June 13, 2017. 10-year note: Currently net long 274k, up 61.9k. Market reaction to the FOMC decision Wednesday smacked of confusion, to say the least. As expected, the Fed raised the fed … Continued
Last Friday sent shivers down U.S. equity bulls’ spine. Sort of. The rout in tech stocks in particular was unsettling. After rising to a new all-time high of 5897.69, the Nasdaq 100 index lost 2.4 percent Friday. Intraday, it was … Continued
Following futures positions of non-commercials are as of June 6, 2017. 10-year note: Currently net long 212.1k, down 46.1k. The Fed is all set to hike next week. Futures are pricing in 99.6-percent odds of a 25-basis-point increase. This will … Continued
After President Donald Trump won the election last November, U.S. bonds and stocks had a massive positive reaction. The former sold off, the latter rallied. On November 8 (election day), TLT, the iShares 20+ year Treasury bond ETF, closed at … Continued
ETF.com carried a story on June 1 stating that U.S.-listed ETFs took in $32.7 billion in inflows in May. Year-to-May, a total of $203.8 billion came in. International equity ETFs made it big, as seven of the top 10 belonged … Continued
Following futures positions of non-commercials are as of May 30, 2017. 10-year note: Currently net long 258.2k, down 104.3k. “If the tension between the progress on employment and the lack of progress on inflation persists, it may lead me to … Continued
U.S. stocks have come a long way. February last year turned out to be a major low (black arrow in Charts 1/2/3/4), and after that the November 8 presidential election last year. Performance is not uniform, of course. Some are … Continued
Following futures positions of non-commercials are as of May 23, 2017. 10-year note: Currently net long 362.5k, up 122.5k. FOMC minutes for the May 2-3 meeting were released Wednesday. Post-statement, futures priced in 83 percent odds of a 25-basis-point hike … Continued