Amidst households’ equity allocation at a fresh record and continued support from margin debt, large-cap indices are giving out signs of fatigue, while small-caps are quick off the blocks in 2026. Margin debt and the S&P 500 tend to have … Continued
The major US equity indices came under decent pressure last week, although bids showed up Friday near the 50-day moving average. Buyers otherwise were missing in action overlooking the much-better-than-expected 3Q25 earnings season. Between the October 29th all-time high of … Continued
Going into last week, investors were keenly focused on a couple of things: FOMC meeting and Big Tech earnings. Benchmark interest rates were lowered on Wednesday, but there was no commitment to do so again in December. And, with 5 … Continued
From the intraday low 12 sessions ago, the S&P 500 is up five percent, with back-to-back gap-up sessions in the last two. This is taking place at a time when Nasdaq and NYSE short interest sits nears record highs. In … Continued
Rallying unrelentingly post-April lows, the major US equity indices nevertheless were only trudging higher in the last several weeks, with several potentially bearish candles on the weekly, which, however, went unconfirmed. Last week produced another. Will the bears manage to … Continued
Nasdaq and NYSE short interest just hit a new high. With stocks showing strong momentum, short squeeze is always possible, but the major equity indices are also giving out signs of fatigue. Having had difficulty converting potentially bearish candles into … Continued
Following futures positions of non-commercials are as of Sep 23, 2025. 10-year note: Currently net short 844.1k, up 24.8k. The 10-year treasury yield has approached a crucial spot. It finished up five basis points this week to 4.19 percent, with … Continued
The Russell 2000 has finally joined the S&P 500 in reaching new highs. Lower interest rates, and hopes for more, likely triggered the move. The path ahead is not so clear. Bulls could be either looking at a massive breakout … Continued
Following futures positions of non-commercials are as of Sep 16, 2025. 10-year note: Currently net short 819.3k, down 38.7k. As expected, the Federal Reserve lowered the fed funds rate by 25 basis points to a range of 400 basis points … Continued
Following futures positions of non-commercials are as of Sep 9, 2025. 10-year note: Currently net short 858k, down 10.4k. Next week, the FOMC meets. The two-day affair ends on Wednesday, and this will be the sixth meeting this year; two … Continued