The World Doesn’t Have Enough Pigs to Fill China’s Pork Deficit
Archives of “December 14, 2019” day
rssThe best actions of the S&P 500 in the last decade.
CFTC Commitments of Traders report: GBP shorts trimmed but not as much as you might think
Forex futures positioning data for the week ended Tuesday, December 10:
- EUR short 68K vs 69K short last week. Shorts trimmed by 1K
- GBP short 23K vs 30K short last week. Shorts trimmed by 7K
- JPY short 44K vs 48K short last week. Shorts trimmed by 4k
- CHF short 21K vs 22K short last week. Shorts trimmed by 1K
- AUD short 37k vs 36K short last week. Shorts increased by 1K
- NZD short 25K vs 27K short last week. Shorts trimmed by 2K
- CAD long 21k vs 21K long last week. No change
The big shifts recently have been paring GBP and NZD shorts. Those trends both continued this week but at a slower pace than you might have expected given the rallies in both. Next week’s data will capture the UK election and that should be instructive.
US equities finish flat on Friday
Closing changes for the main US stock markets:
- S&P 500 unchanged at 3168
- DJIA up 3 points to 28,135
- Nsadaq +17 to 8734
On the week:
- S&P 500 +0.7%
- DJIA +0.4%
- Nsadaq +0.9%
While stock markets were enthusiastic, the 7.5 bps fall in US 10-year notes to 1.82% virtually wiped out yesterday’s rise. That’s a bit of a warning sign for risk trades.
Thought For A Day
