The following are futures positions of non-commercials as of April 5, 2016. Change is week-over-week. 10-year note: The FOMC minutes for the March 15-16 meeting were released this week, and there was nothing substantially new. That said, maybe because FOMC … Continued
The following are futures positions of non-commercials as of March 29, 2016. Change is week-over-week. 10-year note: The back and forth between the two camps within the FOMC continues. Last week, several members used public forums to express hawkish opinion … Continued
The following are futures positions of non-commercials as of March 15, 2016. Change is week-over-week. 10-year note: Major central banks are in a race as to who can ‘shock and awe’ the markets the most. On January 29th, Haruhiko Kuroda, … Continued
The following are futures positions of non-commercials as of February 16, 2016. Change is week-over-week. 10-year note: Global GDP will only expand at three percent this year. Says the OECD – the latest body to cut growth forecast this year. … Continued
Last Friday, the CBOE equity-only put-to-call ratio registered a reading of north of one. This does not occur very often. With this, the 21-day moving average rose to 0.766, not that far away from the September 18th (2015) high of … Continued
The following are futures positions of non-commercials as of January 5, 2016. Change is week-over-week. 10-year note: The World Bank, warning of an increase in risks to the global economy, expects growth this year to come in at 2.9 percent, … Continued
On Monday, the CBOE equity put-to-call ratio surged to 1.21. Readings north of one are very rare. Below are the last three times when this occurred and how stocks fared subsequently. August 21, 2015 (1.04): U.S. stocks were in the … Continued
The following are futures positions of non-commercials as of December 22, 2015. Change is week-over-week. (Due to Christmas last week, the CFTC released numbers on Monday, instead of last Friday.) 10-year note: The Chicago Fed’s National Financial Conditions Index (NFCI) … Continued
The following are futures positions of non-commercials as of December 15, 2015. Change is week-over-week. 10-year note: Call it ‘dovish’ or ‘hawkish’, the Fed finally followed through on its first hike in nine years. The fed funds rate stayed zero-bound … Continued
On the surface, the carnage in stocks last Friday may look like it came out of nowhere, but signs were there. Up until December 1st, the S&P 500 large cap index was a mere 1.5 percent off the all-time high … Continued