Some Potential Green Shoots From Money Markets, Although Foreigners Send Different Message

There was a massive drop in money-market assets last week.  This is a potential green shoot should this continue, although bulls could not quite cash in on it last week.  The mother of all potential green shoots – foreigners – … Continued

Foreigners No Headwind For U.S. Stocks And Treasurys At This Moment, But No Major Tailwind Either

posted in: Credit, Economy, Equities | 0

The Treasury’s Treasury International Capital System data contain a treasure trove of useful information as relates to flows of money into and out of the U.S for purchases and sales of U.S. securities. On this post, we will deal with … Continued

Foreigners Purchasing U.S. Equities, While Reducing Treasury Holdings

posted in: Credit, Equities, Uncategorized | 0

The S&P 500 large cap index was flat in March.  Foreigners only purchased $876 million worth of U.S. stocks in that month. Of late, they have been more of a tailwind than a headwind. The 12-month rolling total of foreign … Continued

Buybacks Continue To Decelerate In 3Q16

posted in: Credit, Equities, Technicals | 0

The pace of stock buybacks by S&P 500 companies continued to decelerate in 3Q16. With 86 percent reporting, as per Howard Silverblatt of S&P Dow Jones Indices, buybacks are down eight percent quarter-over-quarter and down 22 percent year-over-year. These are … Continued

July Foreign Purchases of US Equities Turn +VE – One-Off, Driven By S&P 500 Breakout, Or Something Else?

posted in: Equities, Technicals | 0

In July’s Treasury International Capital System data released last Friday, there was one particular data point equity bulls were probably happy to see. Global investors purchased $26.1 billion in U.S. equities in that month.  This was the highest monthly purchase … Continued

Slight Rise In MMF Assets In Recent Weeks Not What Equity Bulls Want

posted in: Equities | 0

Through June, foreigners continued to bail out of U.S. stocks.  They sold $6.8 billion worth.  This was the fifth consecutive month of net selling, during which cumulatively they reduced holdings by $45.5 billion. On a 12-month rolling total basis, April … Continued

Breakdown In Correlation Between Margin Debt And S&P 500

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

NYSE margin debt fell again.  June was down $3.8 billion month-over-month to $447.4 billion.  Since it peaked in April last year at $507.2 billion, margin debt is now down $59.8 billion – or 11.8 percent from the peak.  The S&P … Continued

Who Is Making Up For Lack Of Foreign Buying In Both U.S. Equities And Treasurys?

posted in: Credit, Equities, Technicals | 0

Have foreigners ceased to be a factor in the market for both U.S. equities and treasury securities? Makes you wonder looking at the Treasury International Capital System data. May’s numbers were released this Monday, and there was not much change … Continued