“…I want to solve health care, jobs, border control, tax reform.” The above quote is from a weekend interview president-elect Donald Trump gave to the Wall Street Journal. The article also talks about his willingness to keep parts of the … Continued
Here is a brief review of change in short interest in the October 17-31 period in the Nasdaq and NYSE Group as well as nine S&P 500 sectors. Nasdaq – short interest ↑ 1.4 percent p/p; Nasdaq composite ↓ 0.5 … Continued
Here is a brief review of change in short interest in the October 1-14 period in the Nasdaq and NYSE Group as well as nine S&P 500 sectors. Nasdaq – short interest ↓ 0.03 percent p/p; Nasdaq composite ↓ 1.8 … Continued
Equity bears have been rewarded the past couple of weeks, with the S&P 500 large cap index down 1.6 percent. There is likely more reward medium term, but near-term is a toss-up. In the wake of the 2.5-percent drop on … Continued
During the August 31-September 15 period, the Nasdaq composite rallied 0.7 percent – quite an achievement considering that at the lows on September 12 it was down as much as 2.2 percent. The tech-heavy index’s performance was also in contrast … Continued
U.S. equities continue to enjoy short-interest tailwind, but are likely to face difficulty doing so in the weeks to come. In the latest period, on an index level, short interest continued to drop. The July 15-29 two-week period saw it … Continued
The correlation between financials and the two-year Treasury yield is tight. The latter tends to be sensitive to Fed action. In recent months in particular, the two-year has been on a roller-coaster ride trying to keep up with FOMC members’ … Continued
Equity bulls are putting down their foot, and have near-term momentum on their side so long as 2040 on the S&P 500 is not lost. Off the April 20th high through last Thursday’s intra-day low, the S&P 500 lost four … Continued
One look at Chart 1 and it is easy to see what a squeeze can do to short interest. In the two weeks ended January 29th, short interest on XLF, the SPDR financial ETF, peaked at 146.8 million. The ETF … Continued
In early April, the S&P 500 (2080.73) is rejected by a July 2015 declining trend line. After a subsequent slight pullback, the index reenergizes itself and goes for that resistance again. Last Thursday, it succeeds (Chart 1). But is the … Continued