Markets
CoT Commentary: Bullish Positioning on Both Live & Feeder Cattle
August 4, 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 Trump to replace BLS statistics chief, Kugler's resignation opens door for changes at Fed, the odds of a rate cut at the September FOMC meeting, purchasing power, comparing wealth by generation, another sign of a changing labor force, the garbage rally, and the housing market's woes
This week, everything aligns, and we get a deluge of data (GDP, Payrolls, ISM, etc.), central bank meetings (The Fed on Wednesday, in addition to the Bank of Canada and Japan), announcements (the quarterly refunding announcement), and earnings (including Apple and Microsoft). Join us as we assess the data and how/if it changed anything.
Nonfarm payrolls grew by 73k jobs in July, missing the economists' median estimate. The July data suggest a slower pace for the labor market, with revisions taking a large chunk out of May & June growth.
U.S. stocks have produced a higher return than the fixed income market at the cost of higher volatility.
Today's topics include Liberation day 2.0, explaining dissents, BoJ rate hike probabilities, Japanese stock traders are bearish, the yuan's bad week, currency impacts in Europe, trading bonds electronically, the money being thrown around for AI is unreal, and Dalio takes his final step away from Bridgewater
Join us tomorrow, August 1, for our next conference call.
Today's topics include previewing tomorrow's payrolls report, can the US become more productive?, two dissents & no move, tech earnings dominate, photo finish trade deals, details on the QRA & Treasury issuance, understanding Fedspeak, and gold rush
Jim Bianco joins Bloomberg to react to today's FOMC Statement with Jonathan Ferro, Lisa Abramowicz, Tom Keene and Bob Michele.