The following are futures positions of non-commercials as of February 3 (Tuesday). Change is week-over-week. 10-year note: The 10-year yield has risen from 1.65 to 1.94 in five sessions. But it also dropped 52 basis points in January, and that … Continued
U.S. consumer confidence has surged since July 2014 Decent inverse correlation between gas price and consumer sentiment No correlation between personal consumption expenditures and consumer sentiment Consumer confidence is soaring in the U.S. Since July 2014, the Thomson Reuters/University of … Continued
Signs late last week WTI itching to move higher play out perfectly Oil as much a physical commodity as it is for investment/speculative purposes After 20-plus-percent move in four sessions, healthy if it retreats and finds support at 47 Some … Continued
The following are futures positions of non-commercials as of January 27 (Tuesday). Change is week-over-week. 10-year note: Can we say squeeze? Since the end of December, net shorts have dropped 59 percent, even as the 10-year yield has collapsed 50 … Continued
As FOMC meets, markets will be looking for clues on rate-hike timing Consensus, which had been betting on mid-year hike, vacillating of late Lower-than-expected inflation, strong dollar excuses for Fed not to move The Federal Open Market Committee begins its … Continued
As oil price buckles, increase in talk of need to focus on S&P 500 earnings ex-energy Collapse in energy earnings important factor, but SPX ests were too rosy to begin with Sell-side struggles to wrap arms around energy repercussions; hard … Continued
The following are futures positions of non-commercials as of January 20 (Tuesday). Change is week-over-week. Dollar index, gold and euro jump out the most. 10-year note: It seems non-commercials’ patience is wearing thin. On top of that, this has not … Continued
The following are futures positions of non-commercials as of January 13 (Tuesday). Change is week-over-week. Dollar index and E-mini S&P 500 are noticeable. 10-year note: Did non-commercials get squeezed a little this week? By Tuesday, the 10-year yield had dropped … Continued
U.S. rig counts have continued to drop since September This is yet to negatively impact well-paying oil and gas jobs Although weekly hours of support activities peaked in Mar last year U.S. rig counts are on the decline. As of … Continued
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