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
Posted with no comment: