Futures positioning indicative of decreasing risk appetite - Citi

BTIG Explains Market Action During March Volatility Option Expiry Events

BTIG Explains What Has Happened During Other March VIX Expiry Events.

BTIG analyst Jonathan Krinsky comments "While all eyes are obviously, and rightly, on the FOMC today, its worth noting that the VIX had a monthly (March) expiration this morning. Focus on expiration is usually for options on Fridays, but when looking at VIX expirations (Wednesdays), they have often... More

US stocks open higher but analyst warns the S&P 500 bounce may run out of steam soon

The S&P 500 (SPX) and Dow Jones Industrial Average (DJI) are up 1% in early Tuesday trading while Nasdaq Composite Index (IXIC) trades 0.9% higher.

Despite today's strength, Katie Stockton, the founder and Managing Partner of Fairlead Strategies, sees limited upside in the S&P 500 in the short... More

Market positioning sentiment becoming 'increasingly weaker' - Citi

Citi analyst Chris Montagu told investors in a note Tuesday that sentiment across market positioning is becoming increasingly weaker.

"In the US, despite net notional positioning increasing, weekly activity better reflected one of tactical repositioning and greater aversion," wrote Montagu.

The analyst explained that futures... More

Systemic credit event now seen as the biggest tail risk - BofA's survey

Investor sentiment is close to levels of pessimism seen at lows in the last 2 decades, according to Bank of Americas March Global Fund Manager Survey (FMS). The sentiment/positioning is consistent with prior major market lows, according to BofAs strategist Michael Hartnett.

The investor sentiment declined in March with the average percentile rank of next-12-month growth expectations, cash allocation, and equity allocation falling to the lowest level since December 22.

Net 51% of FMS... More

Fed March Meeting Preview: Here's what Wall Street analysts expect from Powell

The U.S. Federal Reserve is due to conclude its regular two-day meeting on Wednesday. The market is increasingly pricing in the probability of the Fed hiking by 25 basis points.

Earlier, the bets were placed on the 50-bps rate hike as jobs and inflation data continue to come in strong. However, the ongoing global banking crisis is likely to push the Fed toward a smaller rate increase given the financial stability risks.

While there is a debate of zero vs. 25bps, [we] continue to await messaging over whether the Fed/Trsy/FDIC will increase the size of... More