Following futures positions of non-commercials are as of December 10, 2024. 10-year note: Currently net short 875.7k, down 16.2k. The futures market is now factoring in a 96-percent chance of a 25-basis-point reduction when the FOMC meets next week. In … Continued
Following futures positions of non-commercials are as of December 3, 2024. 10-year note: Currently net short 891.9k, down 34.7k. The futures market is now factoring in an 86-percent chance of a 25-basis-point cut when the FOMC meets on 17-18 this … Continued
Small-cap bulls had to wait three long years to see a new high on the Russell 2000, but they failed to hang on to the gains last week. They have achieved this feat at a time when 2024 earnings are … Continued
Following futures positions of non-commercials are as of November 12, 2024. 10-year note: Currently net short 815.8k, down 2.5k. On the back of stronger-than-expected data – from consumer and wholesale inflation to retail sales as well as Chair Jerome Powell’s … Continued
Following futures positions of non-commercials are as of October 29, 2024. 10-year note: Currently net short 901.2k, up 53k. The FOMC meets next week on Tuesday-Wednesday. A 25-basis-point cut is priced in. Immediately after the policy-setting body reduced the fed … Continued
Leading into this week’s 3Q reports from five tech heavyweights, the Nasdaq 100 has not made much progress the last couple of weeks. These results will have repercussions for other market cap-weighted indices, such as the S&P 500, where both … Continued
Following futures positions of non-commercials are as of October 22, 2024. 10-year note: Currently net short 848.2k, down 16.9k. Non-commercials have reduced their net shorts in 10-year note futures by 25.9 percent from the week to October 1 when they … Continued
Following futures positions of non-commercials are as of October 15, 2024. 10-year note: Currently net short 865.1k, down 95.1k. In the week to October 1, non-commercials were net short a record 1,143,889 contracts in 10-year note futures. In the subsequent … Continued
Following futures positions of non-commercials are as of October 8, 2024. 10-year note: Currently net short 960.1k, down 183.8k. The 10-year treasury yield continued to rally – now up four weeks in a row, with the addition of nine more … Continued
Equities failed to rally last Wednesday, when the FOMC handed out a jumbo 50-basis-point cut. Stocks had a very nice session on Thursday. With that said, the last three daily candles on the S&P 500, which did rise to a … Continued