Home > equities, market analysis, quantitative analysis > Whats Driving the markets? David Rosenberg

Whats Driving the markets? David Rosenberg

David Rosenberg sheds some light from a quantitative perspective in this AM’s report …

 When we go to the weekly data from the Fed, we see that “trading assets” on commercial bank balance sheets expanded to $325 billion in the past two weeks from $297 billion. And, when we go to the Commitment of Traders report, we see that there has been a big swing in the net speculation position on the S&P 500 “E-minis” on the Mercantile Exchange (futures and options) to a net long position of 28,172 contracts from 15,155 net shorts just two weeks ago. That’s a big part of the bounce-back — prop traders and short-coverings. Nothing fundamental here, as far as we can see.

S&P 500 is up 1+%  on increasing trade deficit & successful sale of Greek bonds…

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  1. July 13, 2010 at 9:41 PM

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