Currently viewing the tag: "The Nemenoff Report"

China Lowers Rates. Dow Closes Week Slightly Lower. The Nemenoff Report 3/2/15

On March 2, 2015 - 8:19 AM By

Financials: June Bonds are currently 3 lower at 161’24, 10 Yr. Notes 1.5 lower at 127’24 and 5 Yr. Notes fractionally lower at 119’08.5. Overnight China lowered rates in an effort to address slowing growth and the worry of deflation, joining the what appears to be Global concern about the fear of deflation. Testimony by [...]

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Greece gets 4 month loan extension subject to EU acceptance. Cattle on Feed Report neutral. Gold makes new recent low. The Nemenoff Report 2/23/15

On February 23, 2015 - 8:57 AM By

Financials: Mar. Bonds are currently 24 higher at 144’25, 10 Yr. Notes 12 higher at 127’24 and 5 Yr. Notes 7 higher at 119’21. On Friday Europe tentatively granted Greece a four month loan extension subject to acceptance of Greek economic reform proposals, which will probably include some severe tax reforms on the wealthy. The [...]

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Ukraine withdraws troops. Greece seeks loan extension. Jan. FOMC minutes today. The Nemenoff Report 2/18/15

On February 18, 2015 - 8:18 AM By

Financials: Mar. Bonds are currently 11 higher at 144’14, 10 Yr. Notes 7 higher at 127’15 and 5 Yr. Notes 4 higher at 119’14. We have covered all short biased naked and spread positions and are currently on the sidelines. Today’s focus will be the FOMC minutes as the market will be looking for language [...]

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Sweden cuts Repo Rate to below ZERO. The Nemenoff Report 2/13/15

On February 13, 2015 - 8:14 AM By

Financials: Mar. Bonds are currently 17 lower at 146’10, 10 Yr. Notes 6.5 lower at 128’07 and 5 Yr. Notes 4 lower at 119’24. The long Sept. 2015 Eurodollar/short June 2015 Eurodollar spread is 3 higher at 135 premium the Sept. 2015. Yesterday Sweden lowered it’s repo rate to a negative 0.1% sending a signal [...]

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Greek debt still the focus for currencies. Bonds make new recent lows. Cattle recovery? The Nemenoff Report 2/10/15

On February 10, 2015 - 8:44 AM By

Financials: Mar. Bonds are currently 23 lower at 146’28, 10 Yr. Notes 12 lower at 128’07.5 and 5 Yr. Notes 6 lower at 119’22. If you remain short the 5 Yr. Note either take profits or lower your buy stop to 120’03.2. We remain spread long Sept. 2015/short June 2017 Eurodollars and will look to [...]

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Non-farm payrolls exceed expectations. Bonds break, Equities Rally. The Nemenoff Report 2/6/15

On February 6, 2015 - 9:33 AM By

Financials: Mar. Bonds are currently 30 lower at 147’30, 10 Yr. Notes 27 lower at 129’00 and 5 Yr. Notes 21 lower at 120’00. This mornings Monthly Jobs Report showed an increase in non-farm payrolls of 257,000 vs. expectations of 237,000 and a revised increase of the Dec. number. If you remain short the 5 [...]

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S&P, Dow and Nasdaq find support near 200 day moving averages. Cattle break after inventory report. The Nemenoff Report 2/3/15

On February 3, 2015 - 8:57 AM By

Financials: Mar. Bonds are currently 1’03 lower at 149’24, 10 Yr. Notes 16 lower at 130’13.5 and 5 Yr. Notes 8.7 lower at 121’02.5. We remain short the 5 Yr. Notes and the June 2017 Eurodollar futures. I am still trying to spread up the short Eurodollars with the Sept. 2015 Futures at 99.44, currently [...]

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GDP +2.6% vs. estimate of 3.2%. Consumer spending up 4.3%. The Nemenoff Report 1/30/15

On January 30, 2015 - 8:39 AM By

Financials: Mar. Bonds are currently 18 higher at 150’31, 10 Yr. Notes 17 higher at 130’23 and 5 Yr. Notes 10 higher at 121’06.2. GDP was disappointing at +2.6% vs. an average estimate of +3.2%. Consumer spending was constructive showing an increase of 4.3%. We are currently short the 5 Yr. Notes from above the [...]

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Apple’s record earnings boost equities overnight. Cattle closes sharply higher. The Nemenoff Report 1/28/15

On January 28, 2015 - 8:23 AM By

Financials: Mar. Bonds are currently 1 lower at 149’16, 10 Year Notes fractionally higher at 129’21.5 and 5 Yr. Notes unchanged at 120’18.2. If you were a seller in Bonds in the 150’15 area either take profits or lower your buy stop to the 150’06 level ahead of the FOMC early this afternoon. We still [...]

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Equities higher based on positive Chinese GDP numbers. Currency markets in recovery mode after last week’s surprise move by Swiss.

On January 20, 2015 - 8:41 AM By

The Nemenoff Report 1/20/15 Financials: Bonds are unchanged at 149’17, 10 Yr. Notes 1.5 lower at 129’26 and the 5 Yr. Note 1.5 lower at 120’24. Last week we took action on our spread position of long June 2015/short June 2017 Eurodollar futures by selling the long June 2015 leg of the spread leaving us [...]

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Swiss National Bank roils market by discontinuing policy of supporting Euro at 120 to the Franc. Franc explodes to the upside.

On January 15, 2015 - 8:22 AM By

The Nemenoff Report 1/15/15 Financials: Mar. Bonds are currently 5 higher at 149’18, 10 Yr. Notes 6 higher at 129’30 and the 5 Yr. 4 higher at 120’28. The big news is the Swiss no longer willing to support the Euro at 120 to the Franc and lowering a key interest rate to -0.75%. If [...]

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Disappointing Retail Sales and Earnings rally Bonds and sells off equities. Europe continues to show data indicating slowing economies.

On January 14, 2015 - 8:36 AM By

The Nemenoff Report 1/14/15 Financials: Mar. Bonds are currently 1’10 higher at 149’30, 10 Yr. Notes 25 higher at 130’03 and 5 Yr. Notes 16 higher at 120’30. Retail sales this morning were down -0.9% vs. estimate of -.0.2. Needless to say this was disappointing. Add to this the fact that the ECB is getting [...]

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