Markets
CoT Commentary: Equity Performance & Sentiment Divergence
September 2, 2025
The Commitments of Traders report enables investors to track changes in positions among various groups of traders/investors.
The Commitments of Traders report enables investors to track changes in positions among various groups of traders/investors.
Today's topics include two roads diverge..., Wall Street sends more bullish signals, gold continues to climb, UK long rates, outlier Mag 7 S&P 500 high, China's equity rally, comments on Fed independence. and household energy costs
While spot crypto ETFs have yet to be tested by a truly brutal bear market, their growth since inception has been remarkable.
Today's topics include Cook 'didn't mean to deceive anyone' & 'no one was harmed', Waller wants to cut rates, will Fed independence impact bond yields?, Miran to vote on September 18?, inflation, foreign stock markets, tariff update, and the VIX.
The 2020 recession and financial crisis changed things. This can be seen in the inflation measures, real yields, inflation expectations, and even basic measures of the economy.
Could stablecoins actually be a big source of demand for T-bills in the next few years?
Updating the banking industry's unrealized losses and net interest margins through Q2
Stocks are still expensive, even if one avoids the Magnificent Seven.
Updating the changes in central banks' balance sheets
A long-term look at the dollar-pound exchange rate