Velocity of declines in equities breakneck and unsettling Worse scenario is if oversold bounce/rally gets sold hard near resistance If consumer/CEO confidence is impaired, Fed’s tool box empty to tackle weaker economy Another interesting session in the markets! Stocks picked … Continued
The following are futures positions of non-commercials contained in the Commitment of Traders report as of August 18, 2015. Change is week-over-week. (Please note that these holdings are as of Tuesday. The S&P 500 swooned six percent in the next … Continued
Of late, volatility has been volatile. Twice in the past 15 sessions, VIX, the S&P 500 Volatility Index, has surpassed 16, only to quickly reverse to the downside, and broken below 12 three times, only to reverse to the upside. … Continued
The following are futures positions of non-commercials as of August 11, 2015. Change is week-over-week. 10-year note: How might the renminbi devaluation impact the Fed’s desire to hike rates this year? The devaluation is at least disinflationary as far U.S. … Continued
Markets are acting very fidgety. Emerging ones are no exception. On Monday, off Friday’s intra-day high, VIX, the S&P 500 Volatility Index, dropped 16-percent plus. Yesterday, at one point it was up 17-percent plus. TLT, the iShares 20+ Year Treasury … Continued
The following are futures positions of non-commercials as of August 4, 2015. Change is week-over-week. 10-year note: Federal Reserve Governor Jerome Powell told CNBC on Wednesday that he has not made up his mind yet on whether interest rates should … Continued
The following are futures positions of non-commercials as of July 28, 2015. Change is week-over-week. 10-year note: The following from the FOMC statement drew a lot of attention: “The Committee anticipates that it will be appropriate to raise the target … Continued
The following are futures positions of non-commercials as of July 21, 2015. Change is week-over-week. 10-year note: Is global growth slowing? The ongoing slump in commodities seems to suggest that. In this scenario, it would make sense for investors to … Continued
Of late, volatility has been volatile. In the past month, VIX, the S&P 500 Volatility Index, has done a complete round trip – surging 68 percent in 11 sessions and then giving it all back in the next eight. As … Continued
When VIX (12.22), the S&P 500 Volatility Index, spiked past 20 nine sessions ago, there was a lot of chatter as to if this time the breakout was real. It was not. In the subsequent eight sessions since that peak, … Continued