Looking at the most recent CFTC Commitment of Traders report, BofA makes two notable observations ahead of what may be a volatile week between the Fed's 25bps rate hike announcement on Wednesday, just hours after the Dutch General Election, and on the same day as the US debt ceiling expiration hits.
Via Dana Lyons' Tumblr,
Assets in mutual funds designed to rise when stocks fall have dropped to an all-time low.
Via Dana Lyons' Tumblr,
Stocks’ record streak without a weak close came to an end yesterday; what does it mean going forward?
Sometimes you just have to laugh...
Minneapolis Fed's Neel Kashkari said earlier...
"we are keeping our eyes open for asset prices to try to look for signs of bubbles” but admitted that it is "very hard to see asset bubbles in advance."
Indeed it must be... if your salary depends on it.
The S&P 500 has now gone a stunning 50 days without a 1% swing...
The S&P 500 Tech Sector has gone a record 14 days without a single loss...
Despite US markets being closed in observance of Washington's birthday, S&P futures spiked during overnight trading, reaching new all time highs before fading some of the gains. Both Asian and European markets traded modestly higher after paring early gains. The U.S. dollar traded in a tight range ahead of a busy week for Federal Reserve events, while the pound rallied the most in more than two weeks ahead of a House of Lords Brexit debate, while South Africa’s rand fell on political turmoil. Oil advanced for a third day and spot gold rose for the fourth session in five.