COT: Funds sold stocks bought bonds before Trump speech — #SaxoStrats

Leverage funds added to existing short positions in stock index futures reducing long yield risks ahead of Trump's address to Congress last week. Both decisions proved wrong with stocks rallying strongly while raised FOMC rate hike risk help sent bond yields higher.

from Ole Hansen - Authored content https://www.tradingfloor.com/posts/cot-funds-sold-stocks-bought-bonds-before-trump-speech-saxostrats-8517824?utm_medium=tf4-feed&utm_source=extract