Here is a brief review of period-over-period change in short interest in the September 1-15 period in the Nasdaq and NYSE Group as well as nine S&P 500 sectors. Nasdaq Since reaching an all-time high of 6477.77 in a spinning … Continued
Following futures positions of non-commercials are as of Sep 19, 2017. 10-year note: Currently net long 270.1k, up 18.4k. Americans’ love for leverage needs no elaboration. The debt culture began in earnest in the early ’80s. Leverage remains high – … Continued
Following futures positions of non-commercials are as of Sep 5, 2017. 10-year note: Currently net long 221.8k, down 61.9k. Last week, 2Q17 real GDP growth was revised higher to three percent – much better than the post-Great Recession average of … Continued
Following futures positions of non-commercials are as of Aug 8, 2017. 10-year note: Currently net long 229.8k, up 19k. In the past several months, several Fed officials, including Chair Janet Yellen, have expressed concern over persistently rising stock-market valuations. Using … Continued
Following futures positions of non-commercials are as of Aug 1, 2017. 10-year note: Currently net long 210.9k, down 69.8k. So far this year, there have been two rate hikes – and four altogether since the Fed started raising in December … Continued
Amidst 2Q17 earnings and elevated multiples, some signs of fatigue are showing up on major U.S. indices. As of last Thursday, 2Q17 operating earnings of S&P 500 companies were on course for $30.70. In the year-ago quarter, they were $25.70 … Continued
Following futures positions of non-commercials are as of July 25, 2017. 10-year note: Currently net long 280.7k, down 1.6k. After seven years of keeping the fed funds rate between zero and 25 basis points, the Fed began to hike in … Continued
Following futures positions of non-commercials are as of May 16, 2017. 10-year note: Currently net long 240k, up 10.9k. Non-commercials nailed it. In the prior week, they had built net longs to the highest since December 2007, and were rewarded. … Continued
If we just focus on tech stocks for a moment, one gets the impression that it is a very strong market. Right after the November election last year, tech stocks in general lagged. But they came into life as soon … Continued
Following futures positions of non-commercials are as of December 13, 2016. 10-year note: With the Fed this week having raised by 25 basis points the fed funds target rate to a range of 0.5 percent to 0.75 percent, its conventional … Continued