The following are futures positions of non-commercials as of May 31, 2016. Change is week-over-week. 10-year note: On June 14-15, the FOMC meets. This is the year’s fourth meeting, and there will be four more left after this (July 26-27, … Continued
The following are futures positions of non-commercials as of May 24, 2016. Change is week-over-week. 10-year note: Was that a yay or nay from Janet Yellen, Fed chair? In an interview at Harvard University on Friday, she said that an … Continued
The following are futures positions of non-commercials as of May 17, 2016. Change is week-over-week. 10-year note: More jawboning this week! Last week, three regional bank presidents – Eric Rosengren (Boston), Loretta Mester (Cleveland), and Esther George (Kansas City) – … Continued
A week ago last Friday, U.S. stocks opened lower reacting to less-than-expected rise in April’s non-farm payroll. As the session progressed, bids showed up, as traders began to price in lesser odds of a rate hike in June. Turns out … Continued
The following are futures positions of non-commercials as of May 10, 2016. Change is week-over-week. 10-year note: Three FOMC voting members were on full jawboning mode on Thursday. Eric Rosengren, Boston Fed president, said markets are underestimating the likelihood of … Continued
The following are futures positions of non-commercials as of May 3, 2016. Change is week-over-week. 10-year note: Last week, the Bank of Japan shocked markets by not adding to its stimulus program. The yen jumped 2.4 percent. This week, the … Continued
Last week, the euro rallied two percent. There was some positive news on the fundamental front. Eurozone bank lending grew 1.1 percent year-over-year in March, slightly faster than February’s one-percent growth. Eurozone GDP expanded 0.6 percent in 1Q16 – the … Continued
The S&P 500 large cap index lost 1.3 percent last week. Intra-day, off the April 20th high through last Friday’s low, it is now down 2.8 percent. The index retreated after unsuccessfully trying to break out of a declining trend … Continued
The following are futures positions of non-commercials as of April 26, 2016. Change is week-over-week. 10-year note: Two different central-bank meetings, and two different market reactions this week. Haruhiko Kuroda, Bank of Japan governor, has a habit of surprising the … Continued
The following are futures positions of non-commercials as of April 19, 2016. Change is week-over-week. 10-year note: That this is even being discussed in the press and among economists is a sign of how insane things have gotten in central … Continued