Top 5 Charts of the Day – September 26th 2020
#SPX | Every Day-Trader Dollar Is Worth Five in a New Theory on Stocks – Bloomberg
*New research sets out to explain equity market fluctuations
*Link: https://t.co/Ndd8SWC0DP pic.twitter.com/pkDo6IUJTY— Christophe Barraud (@C_Barraud) September 26, 2020
Large speculators* haven't had this much short exposure to major equity index futures in over a decade. They're short about $47 billion worth.
* Hedge funds, trend-following CTAs, etc. pic.twitter.com/q80Euitm2I
— SentimenTrader (@sentimentrader) September 25, 2020
Ouch! ‘The performance of safe assets this September has been the worst in at least a decade during a major equity market drawdown’
– J. P. Morgan pic.twitter.com/3Cdq4QEivK— jeroen blokland (@jsblokland) September 25, 2020
Dollar Positioning (updated).
Despite the Dollar's sharp rally this week, Futures traders SOLD another $2.5 Billion – now the biggest Short Dollar position in 9 years.
If this USD rally continues, a lot of traders look headed for an expensive lesson in risk management. pic.twitter.com/8bQ3RmRBys
— Macro Charts (@MacroCharts) September 26, 2020
NEW: With two-thirds of 2020 now in the books, China has purchased less than one-third of the US exports Trump pledged it would buy this year under his "historic" Phase One deal.
(Official August trade data released today.)https://t.co/L2Be1ozw68
— Chad P. Bown (@ChadBown) September 25, 2020