Interest Rates – Fed Funds Futures Curve After the Federal Reserve’s recent meeting, the slope of the fed funds futures curve has increased slightly, indicating a shift in market expectations regarding future interest rate movements. Image: The Daily Shot
U.S. Treasury Bond Future – 10Y Futures Positions Speculators have significantly increased their short positions in U.S. Treasury 10Y futures, reflecting a strong bearish sentiment among traders. Image: Deutsche Bank Asset Allocation
Nasdaq-100 Index, Short Interest as a Percent of Shares Outstanding The falling short interest in the Nasdaq 100 is seen as a potential bearish signal, as it reduces a source of support for the market and makes stocks more vulnerable to negative news and price declines. Image: Morgan Stanley Wealth Management
S&P 500 and CFTC CME E-mini S&P 500 Asset Manager Institutional Net Total/Futures The net long position held by institutional asset managers on E-mini S&P 500 futures has been rising, with the potential to reach the peak positioning level observed in early 2020. Image: BofA Global Research
Nasdaq 100 Net Long Futures Contracts Leveraged funds and asset managers have different positions on Nasdaq 100 futures. Leveraged funds are currently very net short on Nasdaq 100 futures, while asset managers have a less bullish but still net long position. Image: Deutsche Bank Asset Allocation
U.S. Implied Policy Rates – Federal Funds Futures Market expectations for Fed policy have swung dramatically over the past few months. Image: J.P. Morgan Asset Management
S&P 500 – Total U.S. Stock Index Speculative Futures Positioning Is now a good time to take a long position in U.S. equities? Image: Topdown Charts
Market Depth on 10-Year USTs and 10-Year Bund Futures Will market depth on 10Y USTs and 10Y Bund futures continue to improve? Image: J.P. Morgan
Liquidity – Market Depth of S&P 500 E-mini Futures U.S. equity market depth has been steadly improving. Image: J.P. Morgan
U.S. ISM Manufacturing PMI vs. Philly Fed Futures Orders (Leading Indicator) Will the ISM Manufacturing PMI fall further, as a recession is looming in the United States? Image: Topdown Charts
S&P 500 E-mini Futures Market Depth (Liquidity) S&P 500 E-mini futures market liquidity remains weak. Lack of liquidity tends to lead to violent market moves. Image: Goldman Sachs Global Investment Research