With Equities In 3-4 Weeks Of Selling Pressure And Tech Ready To Report, Bulls Have Opportunity To Put Foot Down For Reprieve N/T
Unable to push through resistance, major US equity indices took a drubbing in recent weeks. Mid- to long-term, more downward pressure is probable. Near-term, it is looking like a toss-up between bulls and... READ MORE
CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned
Following futures positions of non-commercials are as of April 16, 2024. 10-year note: Currently net short 362k, down 144.8k. Last October, the 10-year treasury yield peaked at five percent, having rallied from 3.25... READ MORE
S&P 500 And Nasdaq 100 Each Down Sub-3% From Recent Highs To End Right On 50-Day; Russell 2000 In Slight Breach
From last month’s record highs, both the S&P 500 and Nasdaq 100 are down just under three percent and have now approached the 50-day, which has not been lost since last October when... READ MORE
CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned
Following futures positions of non-commercials are as of April 9, 2024. 10-year note: Currently net short 506.9k, down 63.1k. In the past month, the 10-year treasury yield went from 4.04 percent on March... READ MORE
1Q24 Earnings Season Begins Amidst Collapse In Bearish Sentiment And More Or Less Sideways S&P 500
The earnings season is upon us. The bar is low. With the S&P 500 sideways in recent weeks after a massive rally since last October, better results can help the index push through... READ MORE
Unless Bond Bears Get Motivated By Budget Deficit/Federal Debt/Interest Payments, Bulls Could Find Rally In 10-Year Yields Tempting
The 10-year T-yield just poked its head out of 4.30s resistance. Economic data in recent weeks have come in much stronger than expected. Although it is hard to argue the rally in rates... READ MORE
CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned
Following futures positions of non-commercials are as of April 2, 2024. 10-year note: Currently net short 570k, down 8.4k. Minutes for the March 19-20 FOMC meeting are due out Wednesday. At this point,... READ MORE
Extremely Overbought Stock Market Uses Non-Voting FOMC Member Kashkari’s Hawkish Comments As Excuse To Sell Off
It is probable US households’ equity allocation set a new high last quarter. Stocks have relentlessly rallied for over five months – without so much of a correction. With investor sentiment looking frothy,... READ MORE