CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of October 25, 2016. 10-year note: Rates are rising.  From 1.34 percent on July 6 this year to 1.88 percent on Friday, the 10-year Treasury yield has come a long way.  In … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of October 18, 2016. 10-year note: Both China and Japan reduced their holdings of Treasury notes and bonds in August – the former by a whopping $33.7 billion and the latter by … Continued

Between Buybacks And Dividends, Latter Rewards Shareholders Better

posted in: Economy, Equities, Technicals | 0

One of the hallmarks of post-Great Recession recovery has been subdued capital expenditures.  In 2Q16, real non-residential fixed investment was $2.19 trillion (at a seasonally adjusted annual rate) – essentially flat since 3Q14.  Investment peaked at $2.22 trillion in 3Q15. … Continued

Major U.S. Indices Clinging On To Support – Medium-Term Risk High

posted in: Credit, Economy, Equities, Technicals | 0

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

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of October 11, 2016. 10-year note: In late September, Janet Yellen, Fed chair, said the bank might be able to help the U.S. economy in a downturn if it could buy stocks … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of October 4, 2016. 10-year note: Bloomberg ran a story on Tuesday saying the ECB would probably gradually wind down bond purchases before the end of quantitative easing, and that it may … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of September 27, 2016. 10-year note: Once again, Mario Draghi, ECB chief, urged Eurozone governments to complement central-bank action.  He was speaking before the European parliament on Monday.  Mr. Draghi said there … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of September 20, 2016. 10-year note: A steeper yield curve is typically associated with a strengthening economy.  So when the Bank of Japan says it will target a steeper yield curve, what … Continued