Chart of the Day
Archives of “June 2020” month
rssFAANGMs represent 24% of the capitalization of the S&P 500.
S&P 500 valuation.
The pyramid of returns.
Ownership of US stocks is fairly concentrated.
Central bank gold holdings
New Saudi gold ETF went berserk on its launch. They had to halt it.
CFTC Commitments of Traders: Yen longs and CAD shorts increase
Forex futures positioning data for the week ending June 24, 2020:
- EUR long 118K vs 117K long last week. Longs increased by 1K.
- GBP short 19K vs 16K short last week. Shorts increased by 3K.
- JPY long 27K vs 22K long last week. Longs increased by 5K.
- CHF long 1K vs 2K long last week. Longs trimmed by 1K
- AUD short 5k vs 7K short last week. Shorts trimmed by 2K
- NZD short 0K vs 2K short last week. Shorts trimmed by 2K
- CAD short 21k vs 25K short last week. Shorts trimmed by 4K
- Prior week
There were big moves in the euro and Australian dollar last week. It’s interesting to note that AUD was the best performer this week, so cutting shorts was the right move for specs.
This week there’s a modest shift into risk-off trades like CAD/JPY shorts.
US stocks finish at the lows of the week
Rough day for equities
- S&P 500 down 75 points, or 2.4%, to 3009
- Nasdaq -2.6%
- DJIA -2.8%
On the week:
- S&P 500 down 2.9%
- Nasdaq -1.9%
- DJIA -3.3%
Despite the drama, it was an inside-week in the S&P 500:
Thought For A Day
