We’ve learned not to count too heavily on “Freaky” Fridays to make the stock market seem more interesting, if only for a few hours. For my part, I’ve pulled back from predicting much of anything for tomorrow. The E-Mini S&Ps spent the entire day doing a vibrato, and there’s no reason why should we expect them to take a flying leap, or whatever, just because another week happens to be coming to an end. Data for durable goods orders and consumer sentiment are due out, and if Wall Street wants to make a big deal of either, then we’ll just enjoy the show as they make fools of themselves.
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01/27/2017
Rare event to have all debt markets with such extreme COT data 01272017.
The extremes in Large Specs ‘sell side positioning’ in ‘all bond/euro dollar’ markets have the market to move only in one direction, this would be up in contract values and lower in yield ‘world wide’.
To note:
Things are never what they seem to be and the cause towards this effect in the debt markets may align in many of the world’s debt markets shifts right now, such as a move towards a ‘State Money System’, this is a renegotiation of all federal bond debt markets.
President Jackson 1833-35 did such.