Extremes in Bond Market Sentiment
Originally posted on Topdown Charts.
Three quickfire charts on US bond market sentiment...some of these sentiment charts are clearly at an extreme - and that's usually when you go looking for contrarian signals. But then I look at a lot of charts on the bond market and it's quite easy to make a case for a major trend change.
1. Speculative futures positioning:
The standout here is speculative futures positioning in the 30 year, which has gone from neutral to extreme short. Total capitulation.
2. Stocks vs Bonds futures positioning:
This one shows where equity vs. bond market futures positioning lies right now - notice how the gap is at a record high. Traders are doubling down on growth/inflation here.
3. Bond mutual fund flows:
About Callum Thomas
Callum Thomas Archive
|10/17/2018||Global Consumer Confidence and Global Equities||story|
|10/11/2018||Peak in OECD Leading Indicators||story|
|09/17/2018||Investors Are Pulling Their Money from the Stock Market||story|
|09/05/2018||Global PMIs Show Synchronized Slowdown Underway||story|
|03/01/2017||China, Copper, and the PMI||story|
|02/13/2017||Weekly S&P 500 #ChartStorm||story|