Dow On Pace To Creating History, Even As Sources Of Tailwind Stretched

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The Dow Industrials is on pace to creating history this week.  Last Friday, it rose for 11 sessions in a row, for a cumulative gain of 3.8 percent.  The longest streak was recorded in January 1987 when it rallied 11 … Continued

CoT: Peek Into Future Through Futures

Following futures positions of non-commercials are as of February 21, 2017. 10-year note: Are we in for a March shock? Post-FOMC minutes on Wednesday, fed funds futures were pricing in a 32-percent chance of a rate hike in the March … Continued

CoT: Peek Into Future Through Futures

Following futures positions of non-commercials are as of February 14, 2017. 10-year note: On February 15, 10-year yields hit 2.52 percent before retreating.  That high tagged a declining trend line from December 15 when yields hit 2.62 percent intraday.  This … Continued

CoT: Peek Into Future Through Futures

Following futures positions of non-commercials are as of February 7, 2017. 10-year note: On January 26, 10-year yields began dropping after hitting 2.56 percent, lower than the 2.62 percent on December 15 – hence lower highs.  In the meantime, they … Continued

CoT: Peek Into Future Through Futures

Following futures positions of non-commercials are as of January 31, 2017. 10-year note: During his presidential campaign, President Donald Trump openly criticized the Fed’s easy monetary policy.  Indeed, since June 2006, there have only been two 25-basis-point increases in the … Continued

CoT: Peek Into Future Through Futures

Following futures positions of non-commercials are as of January 24, 2017. 10-year note: Yields (cash) rose 14 basis points for the week to 2.48 percent, having risen as high as 2.56 percent intra-day Thursday.  Earlier, they bottomed at 2.31 percent … Continued

CoT: Peek Into Future Through Futures

Following futures positions of non-commercials are as of January 17, 2017. 10-year note: Bond bears near term have as good a chance as any to push long bonds still lower.  TLT, the iShares 20+year Treasury bond ETF, peaked this Tuesday, … Continued

CoT: Peek Into Future Through Futures

Following futures positions of non-commercials are as of January 10, 2017. 10-year note: This is what makes a market.  Two different bond luminaries looking at the same asset and coming up with two different analyses/conclusions. The issue in question is … Continued

CoT: Peek Into Future Through Futures

Following futures positions of non-commercials are as of January 3, 2017. 10-year note: Tuesday brought December’s ISM manufacturing index, which rose 1.5 points month-over-month to a two-year high 54.7; orders jumped 6.8 points m/m to a 25-month high.  Ten-year yields … Continued

CoT: Peek Into Future Through Futures

Following futures positions of non-commercials are as of December 27, 2016. 10-year note: TLT, the iShares 20+ year Treasury bond ETF, has had a nasty drop since it reached a historic high of $141.91 on July 8 this year.  Two … Continued

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