The following are futures positions of non-commercials as of September 8, 2015. Change is week-over-week. 10-year note: More jawboning this week! Following in the footsteps of Christine Lagarde, IMF managing director, Kaushik Basu, World Bank chief economist, says the Fed … Continued
If we just focus on Charts 1 and 2 and consider how they have behaved in the past, equity bulls have reason to be optimistic. Because of the equity rout leading up to the August 24th low, both charts reached … Continued
The following are futures positions of non-commercials as of September 1, 2015. Change is week-over-week. 10-year note: The IMF is at it again. This week, it reiterated its stance that advanced economies should maintain accommodative monetary policies. By that it … Continued
It is damage control time for small-cap investors. When on August 14 August 21st weekly 119 puts were hypothetically sold for $0.92, IWM, the iShares Russell 2000 Index, was trading at $119.62. If the short put got assigned, it was … Continued
The following are futures positions of non-commercials as of August 25, 2015. Change is week-over-week. (Please keep in mind that these holdings are as of Tuesday. By then, from high to low the S&P 500 was down 12.5 percent. In … Continued
There is a lot going on in the land of volatility. Readings are extreme. On Monday, VIX, the S&P 500 Volatility Index, surged to the highest since January 2009 (Chart 1), and RVX, the Russell 2000 Volatility Index, to the … Continued
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